Govt exempts VAT on metro rail services
- Update Time : Monday, January 6, 2025
- 2 Time View
RN Desk: – The government today exempted Value Added Tax (VAT) on metro rail services, according to an order issued by the National Board of Revenue (NBR) here.
This (order) means the commuters of this service need not to pay any VAT on their purchased tickets.
The order said that metro rail is the state-of-the-art and popular public transport in Bangladesh and is playing an important role in reducing traffic congestion as well as saving working hours.
In order to make metro rail more popular, its travel costs need to be made cost effective, it added.
The revenue board as per the power bestowed on it according to the sub-section (3) of section 126 of the Value Added Tax and Supplementary Duty Act, 2012 has exempted the fast, safe, time-saving, environment-friendly and state-of-the-art technology-based transport system metro rail service from paying Value Added Tax.
This order shall come into immediate effect and shall remain in force until December 31, 2025.
List of Advisers
Mohammad Ismail, Former Chairman, Board of Directors, Bangladesh Krishi Bank(BKB) & Prsident , Barisal Bibhag Kalyan Sangstha
Dr. Mohammad Shadi-Uz-Zaman, Managing Director, Natundhora Group, Co-Chairman, FBCCI Standing Committee on Land Developers
Md. Ali Hyder Talukder, Chairman, AHT Agro Industries Limited
Advocate Nasir Uddin Ahmed, Ex-General Secretary, Dhaka Taxes Bar Association
Advocate Munshi Abdur Rahman, A Valiant Freedom Fighter & Legal Adviser, European University Bangladesh, EUB
Dr. Md. Shah Alam FF, Deputy Managing Director, Sobuj Saya Goup
Md. Mahbub Hossain Bhuiya, Managing Director, Matrichaya Properties Ltd.
Md. Altaf Hossain, Senior District & Sessions Judge (Retd) & Legal Adviser, Agrani Bank Limited
Maqsuda Begum, Ex- Executive Director, Bangladesh Bank
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