Bangladesh Government supports poultry with lower tax

June 17, 2020

A series of tax reductions on poultry feed and farm machinery have been proposed in the upcoming Bangladesh Budget for 2020-21. Among this is the removal of 5% import duty on soy cake and the customs duty of 10% on soy protein concentrates to reduce animal feed costs. In the meantime, proposals are afoot to increase import duties on processed poultry products like cuts and offal by 15-20%, to safeguard the local industry.