Metro rail tickets fare to rise by 15pc from July

*The National Board of Revenue (NBR) has decided to withdraw the tax exemption enjoyed by the Metro Rail authority from July this year.* To this end, NBR today (April 4) sent a letter to Dhaka Mass Transit Company Limited (DMTCL). At the letter, NBR said along with continuing to provide money for the huge development activities, graduation of the country from LDC and raising the tax-GDP ratio to the desired level, the exemption benefits given by taking into consideration the capacity of various sectors are being gradually withdrawn, i.e. the area of exemption is being narrowed. The NBR had provided a VAT exemption on metro rail ticket prices last year, considering the service was not fully operational. As per the law, a 15 percent VAT is applicable to both AC and non-AC railway services. As metro rail is fully temperature-controlled, a 15 percent VAT is applicable to this service. After a 15 percent VAT imposition, the minimum distance ticket price will be Tk 23, up from Tk 20 currently, while the maximum distance ticket price will be Tk 115, up from Tk 100. BDST: 1735 HRS, APR 04, 2024 MN/MSK
Published on: 2024-04-04 13:44:15.005525 +0200 CEST