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Showing posts from February, 2017

Bangladesh Supermarket Owners’ Association demands a uniform VAT rate

Bangladesh Supermarket Owners’ Association, otherwise known as BSOA requested NBR for implementing a uniform VAT rate for all retail super shops of the country. This request is made so that they can continue the business in full pace. The government applies a 4% VAT on sales of various supermarkets including Agora, Shwapno and Meena Bazar while authorities imposed a package VAT system to general shops according to their sizes and locations. Bangladesh Supermarket Owners’ Association prefers paying VAT on per square feet rate. Customers do not like to pay 4% VAT on sales because general shops pay a flat VAT rate. The BSOA demanded the government either withdraws 4% VAT or implement package VAT system. It says in its statement that otherwise this discrimination will gradually destroy this sector. In comparison with similar markets, in Indonesia, there are 14000 stores of only two chain supermarkets and 3000 are in India. Even, in Sri Lanka, there are 1000 stores while Bangladesh h

Capstan

An old newspaper advertisement.  British American Tobacco Bangladesh brought Capstan to Bangladesh and it was a leading brand for quite sometimes. The brand however was originally launched by W. D. & H. O. Wills in 1894.