The Bangladesh Revenue Authority intends to intervene in taxes such as rice onions

Bangladesh's Financial Express reported on January 6th that Bangladesh's tax authorities were reviewing taxes on rice and onion imports to ensure a reasonable price for such goods in bangladesh's domestic market.
The Bangladesh Tax Bureau intends to levy a 5% adjustment tax on imported onions in order to reduce imports and protect the interests of onion growers in Bangladesh, and to issue decrees on imported rice to reduce taxes on rice imports, in line with the relevant initiatives of the Bangladesh Food Sector.
government has agreed to allow importers to import 330,000 tons of rice, increasing market supply and curbing price increases, the Daily Star reported on January 6.
currently, Bangladeshi rice import tariff rate is 62.5%.
Meng Tax Bureau has no plans to reduce import duties on edible oil, but plans to implement a single link of edible oil to impose a withholding value-added tax measures, change the previous multi-link collection of withholding value-added tax, in order to reduce its tax burden.
the above-mentioned draft tax measures have been sent to the legal department for review.
measures are intended to depress commodity prices and increase consumer returns, but there is a good chance that consumers will not actually benefit, according to officials at the tax bureau.
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