Govt proposes 20% supplementary duty on coffee
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TUESDAY, AUGUST 16, 2022
Govt proposes 20% supplementary duty on coffee

Budget

TBS Report
09 June, 2022, 06:05 pm
Last modified: 09 June, 2022, 06:32 pm

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Govt proposes 20% supplementary duty on coffee

TBS Report
09 June, 2022, 06:05 pm
Last modified: 09 June, 2022, 06:32 pm
Photo: Collected
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).

 

Economy

Coffee / Budget 2022-23

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