Mobile sets to get costlier

Dhaka, Bangladesh (BBN)-The price of mobile phone sets is likely to get costlier as Finance Minister AMA Muhith has proposed to impose 15 percent value-added tax on import of handsets at import stage.

“Some Companies are assembling quality mobile phones in the country. They have to pay 15 percent VAT at the assembling stage,” the minister said while placing the budget for 2014-15 fiscal year.

“On the other hand, there is only 10 percent VAT on imports of mobile phones. This has created uneven competition between local assembling industries and imports,” he added.

“In view of this, I propose to impose 15 percent VAT on mobile phones at the import stage,” Muhith added.

BBN/ANS/AD-05June14-8:15pm (BST)

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