Bangladesh’s Finance Minister, Amir Khosru Mahmud Chowdhury, has announced plans to expand the Value Added Tax (VAT) net to include various business sectors, specifically targeting retail and grocery stores. The proposed implementation is slated for the 2026-27 fiscal year. This information was revealed during a parliamentary session in response to a question from a lawmaker. The move aims to broaden the tax base and potentially increase government revenue. Details regarding the specific VAT rates and implementation procedures for these businesses were not immediately disclosed. The Minister’s statement signals a potential shift in the country’s taxation policy, impacting a wide range of small and medium-sized enterprises. Further clarification is expected as the implementation date approaches.