The government plans to impose 15 per cent VAT on laptop imports in the proposed 2022-23 fiscal year, resulting in the total tax incidence of the product to 31 per cent.
Finance Minister AHM Mustafa Kamal during his budget proposal on Thursday said that he proposed to expand the concession facility for the import of raw materials for computer accessories and ICT industry for the protection of domestic computer/laptop and ICT product manufacturers.
To promote ‘Made in Bangladesh’ branding worldwide and to protect the investment of domestic manufacturing industries, he also proposed to withdraw the concessions on the import of printers and toner cartridges.
This will help local manufacturers to reach the target of exporting digital devices, he added.
