The proposed budget for the fiscal year 2023-24 includes an extension of all tax facilities for feed used in poultry, fish, and meat production. The coverage of these benefits has been expanded, and as a result, duty, value-added tax (VAT), and tax benefits will be retained in the upcoming fiscal year. The budget proposal also incorporates the Shrimp Hatchery Association of Bangladesh (SHAB) into the existing notification (No 128/2020) that provides concessional facilities on the import of materials used in poultry, dairy, and fish production.
Additionally, certain materials such as artemia, seaweeds, and other algae for dairy, poultry, hatchery, and shrimp feed have been included in the notification. The proposal suggests that all import duties, advance tax, VAT, and total duty (if applicable) on fish, poultry, and feed may be waived according to the provisions in the regulatory orders.