No VAT on life saving medicines: NBR

Bangladesh Sangbad Sangstha . Dhaka | Published: 23:23, Jun 10,2017

 
 

All life saving drugs will be exempted from Value Added Tax, said National Board of Revenue.
‘All types of life saving drugs, including the imported ones, will remain out of VAT net,’ said NBR chairman Md Nojibur Rahman while speaking at a roundtable discussion on ‘VAT in pharmaceutical sector’ in Dhaka on Saturday.
State minister for health Zahid Malek said the proposed budget will have no negative impact on the health sector. The present government’s prime challenge is to ensure quality health services for the people and it has been working to meet this challenge, he added.
NBR member Jahangir Hossain said there is no possibility of increasing prices of drugs in the local market. People will not have to pay any VAT for purchasing of drugs because the drug producers will pay 15 per cent VAT as per the new VAT law to be enforced from July 1, he added.
Bangladesh Pharmacy Council organised the discussion which was moderated by news director of satellite TV channel 71 Syed Ishtiaque Reza.
Former governor of Bangladesh Bank Farashuddin, BSMMU vice-chancellor Quamrul Jasan Khan, former vice-chancellor of BSMMU Pran Gopal Dutta, former president of Bangladesh Medical Association Rashid-e Mahbub, former dean of Dhaka University
Pharmacy faculty ABM Faruk, economist
Ahmed Al Kabir, vice-president of Aushad Shilpa Samity M Sosadeque Hossain and its former general secretary Momenul Haque also took part in the discussion.

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