impact of 25% vat on the daily life of the people of bangladesh

1. LET’S START

2. EFFECT OF IMPLEMENTATION OF 15% VAT
BY
MD.MOSTAFA ASEF RAFI
ROLL NO-17221041
SECTION-A
FINANCE & BANKING

4. EFFECT ON FAST FOOD RESTAURANTS
BEFORE IMPLICATION AFTER IMPLICATION
10% 25%
IMPACTS
INCREASED PRICE
CONSUMING RATE DECLINES
RESTAURANTS WILL GRADUALLY LOSE A LARGE AMOUNT OF
CUSTOMERS
ECONOMIC IMBALANCE WILL OCCUR

5. EFFECT ON DAY TO DAY GOODS
INCREASED PRICE
DIFFICULT TO BUY GOOD FOR THE
MIDDLE CLASS & THE POOR
PEOPLE
ECONOMIC IMBALANCE WILL
OCCUR
SMALL COTTAGE INDUSTRY WILL
FALL DOWN DUE TO LESS
DEMAND

6. EFFECT ON SMALL BUSINESS
As a business leader, I am very
worried and tensed about the
new VAT law.
ABDUS SALAM
PRESIDENT OF BUSINESS UNITY FORUM
The 15% rate will hurt the
business, especially SMEs.
Although the government has
offered rebates, it will be very tough
to maintain accounts for small
companies due to higher expenses.
The government is also going to
announce a budget of over
Tk400,000 crore and may impose
more taxes on business to meet the
budget earnings.
. If the 15% VAT rate is executed,
the business community will be
destroyed.
Under the previous law, we did not need
to pay VAT for, say, a loaf of bread costing
Tk100.
Now, however, we will have to pay
VAT for that as well. This system
will affect the standards of living
of poor people.
We are already facing major
competition since many products
are being imported from India,
China and Myanmar. An increased
VAT rate will be an added problem
in the existing situation

7. THANK YOU