15% VAT to be imposed on metro rail fare

The authorities are set to impose VAT on metro rail ticket prices from July.

National Board of Revenue on Thursday issued a letter to the Dhaka Mass Transit Company Limited in this regard.

According to the letter, NBR has decided to withdraw the tax exemption enjoyed by the Metro Rail authority from July this year.

The NBR had provided a VAT exemption on metro rail ticket prices last year, considering the service was not fully operational.

Earlier, the DMTCL authorities requested the NBR not to impose the VAT. However, NBR refused the call in order to increase the volume of the revenue collection.