Dhaka, June 16 (UNB) - Bangladesh Dokan Malik Samity, an association of shop owners, on Saturday protested the proposal in the new budget to withdraw ‘Package VAT’ system.
 
Leaders of the Samity claimed that the proposal to implement 4 percent VAT on sale instead of Package VAT will hamper the government’s move to increase its revenue collection.
 
They were addressing a press conference at the National Press Club in the capital.
 
Chairman of the Samity Amir Hossain Khan said Finance Minister AMA Muhith placed the proposal according to a prescription of the International Monetary Fund (IMF).