Newspaper article Roll Call

Dozens of Countries Set More Than 5 Percent Tax and Tariff Rates to Tech Goods and Services, Bangladesh 'Worst Offender,' Report Says

Newspaper article Roll Call

Dozens of Countries Set More Than 5 Percent Tax and Tariff Rates to Tech Goods and Services, Bangladesh 'Worst Offender,' Report Says

Article excerpt

Dozens of countries set combined tariff and extra tax rates of more than five percent on technology goods and services, and if you buy technology goods and services in Bangladesh, you're looking at added costs of roughly 58 percent from taxes and tariffs. And that's not including the country's value-added tax.

Those are among the findings from a report released Monday by the Information Technology & Innovation Foundation, which calls on countries to do away with tariffs and extra taxes on technology goods and services.

The report looked at 125 countries and states that at least 31 countries have combined tax and tariffs rates of more than five percent on technology goods and services. And it lists Bangladesh as the "worst offender by a large margin" among the 125 countries in terms of added cost for consumers from tariffs and additional taxes on technology goods and services.

From the report:

The worst offender by a large margin is Bangladesh, which adds an astounding 57.8 percent to the cost of ICT [information and communications technology] goods and services over and above the country's universal 15 percent value-added tax (VAT). In second and third place are Turkey and the Congo, which add 26.1 percent and 23.8 percent, respectively, to the price of their ICT goods and services in addition to their 18 percent standard VATs.

While the level of information and communication technology taxes and tariffs in Bangladesh places the country in a "league of its own, with Turkey, Congo, and other high taxers following some distance behind," many other countries also set significant costs, the report states:

Twenty-eight countries have combined ICT tax and tariff rates between 5 percent and 20 percent, including Brazil, Argentina, Iran, Sri Lanka, Greece, and a large number of African nations. Another 40 countries have smaller tax and tariff rates between 1 percent and 5 percent. …

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