VAT on hotels, restaurants to be revised to previous level: NBR

The National Board of Revenue (NBR) has decided to revise the VAT on hotels and restaurants to the previous level.

NBR Member (VAT Policy) Mohammad Belal Hossain Chowdhury disclosed the decision on Thursday.

The NBR will issue a notification in this  regard today.

Ailing VAT collection: NBR wants answers from field level office. 

On January 9, the government had issued an order increasing a 15 percent VAT from the previous 5 percent in the sector.

But the decision sparked widespread criticisms in the country.

Bangladesh Restaurant Owners Association announced to form nationwide human chains on Thursday demanding reduction in Value Added Tax (VAT).