Dhaka, May 3 -- The Cabinet has approved a set of tax measures for the import of completely new electric vehicles, including buses and trucks.

The decision was taken at a Cabinet meeting held Sunday at 6:45 pm in the Cabinet Room of the National Parliament, according to a statement from the Cabinet Division.

The meeting was chaired by Prime Minister Tarique Rahman.

Under the decision, a notification will be issued to maintain the Value Added Tax (VAT) at 15 percent for electric buses with a minimum of 17 seats, for use in sectors other than student transportation.

At the same time, these imports will be exempted from customs duty (CD), regulatory duty (RD), supplementary duty (SD), advance tax (AT) and advance income tax (AIT), subjec...