The government has declared VAT waiver on gold import in the proposed national budget that meant the prices of gold will come down.

Businesses had to pay 15 percent VAT on gold import from abroad during outgoing fiscal year but the same was waived for 2020-21 FY.

Finance Minister AHM Mustafa Kamal said this while presenting Tk 568,000 crore budget for financial year 2020-21 in parliament on Thursday.