The government has waived more than half of the total tax incidence on server imports to promote cloud infrastructure and data centre development amid growing adoption of artificial intelligence.

The National Board of Revenue yesterday revised down the value-added tax and supplementary duty (SD) on nine goods and services, including mobile phone usage, internet services and medicine.

Three each from manufacturing, trading and services sectors

The production cost of steel makers in Bangladesh is going to increase as the revenue authority seeks to hike the value-added tax on rod and other steel products by up to 20 per cent, two leading producers said yesterday.