Govt proposes 20% supplementary duty on coffee
Photo: Collected
The government has proposed to impose 20% supplementary duty on processed and ready-to-consume coffee at the import stage in the interest of revenue protection.
"The total tax incidence on raw roasted coffee is 89.32% but the total tax incidence on processed and ready-to-consume coffee is 58.60%. In the interest of revenue protection, I am proposing to impose 20% supplementary duty on processed and ready-to-consume coffee at the import stage," said Finance Minister AHM Mustafa Kamal during the budget speech on Thursday (9 June).
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