AC, refrigerator set to be costlier

The government has proposed imposing a 7.5 percent value added tax (VAT) on air conditioners and a 7.5 percent VAT on refrigerators and freezers.

Read more

Budget 2024-25 - full coverage

At present, there is no VAT on air conditioners (AC) while it is 5 percent for refrigerators and freezers.

Accurate market data on AC sales is hard to come by. Manufacturers and retailers estimate that 530,000 units were sold in 2023, increasing sharply from 330,000 units in 2022.

Read more

What gets cheaper, what gets costlier

The sales have been growing at a double-digit rate for the last eight years.

The overall annual market sales for refrigerators in Bangladesh amounts to about Tk 15,000 crore, according to industry players.