The finance minister has introduced a new initiative in the budget aimed at reducing the cost of gold jewelry. The proposal includes setting a fixed VAT of Tk 2,500 per bhori of gold, down from the previous rate of over Tk 10,000. Additionally, the source tax on gold jewelry supply may be reduced from 5% to 0.5%. Currently, the price of 22-carat gold jewelry per bhori is Tk 2,18,350.
Key Points of the Proposal
- Fixed VAT of Tk 2,500 per bhori of gold - Potential reduction of source tax from 5% to 0.5% - Current price of 22-carat gold jewelry per bhori is Tk 2,18,350




























