Advance tax has been reduced on the import of various types of fresh fruits, including apples, grapes, pears, oranges, and mangoes. From now on, only a 5 percent advance tax will be required. Until now, a 10 percent advance tax had to be paid.
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National Board of Revenue (NBR) on Thursday issued an order in this regard. It has been ordered to be implemented immediately. Fresh fruits on which the advance tax has been reduced on imports are fresh or dried oranges, grapes, apples, pears, and citrus fruits. On January 9, the supplementary duty on imported fruits was raised from 20 to 30 percent. As a result, the prices of imported foreign fruits in the market increased. Recently, there is,
•25 percent import duty
•20 percent regulatory duty
•30 percent supplementary duty
•5 percent advance tax
•15 percent VAT
•5 percent advance tax on fruit imports
Almost all types of taxes and duties are levied on fruits. In total, 136 percent of the taxes and duties have been levied so far. If you imported 100 taka of fruit, you would have to pay 136 taka in tax. The tax burden will now be slightly reduced due to the reduction in advance tax. According to NBR sources, among conventional imported products, after cars, alcohol, and cigarettes, fresh fruit has the highest duty and tax burden. Currently, 38 types of fruits are imported. According to the NBR, foreign fruit imports amounted to Tk 4.5 billion in the fiscal year 2023-24. The government has collected revenue of Tk 5,139 crore from fruit imports.
Source: Prothom Alo
