E-commerce assoc demands extension of tax holiday

Members of the E-Commerce Association of Bangladesh (E-CAB) welcomed the Digital Commerce Gazzette-2019 on Monday, terming it a 'milestone' for advancement towards digitisation of the business sector and demanding extension of tax holiday for the sector, reports UNB.

They urged the government to acknowledge all sorts of online business as e-commerce activities and demanded extension of vat-tax holiday considering e-commerce a priority sector.

They also called for fixing income tax at a minimum of 0.1 per cent for e-commerce enterprises.

They came up with the plea at a press conference on 'Digital Commerce Gazzette-2019 and proposals about digital commerce in coming national budget' arranged by the E-CAB at the Jatiya Press Club.

President of E-CAB Shomi Kaiser urged the government to extend tax holiday for e-commerce enterprises in the budget of 2019-20 financial year.

"E-commerce will gain more popularity if tax holiday is extended to the enterprises concerned. At the same time, if any retailer trades online despite having shops outside virtual marketplace, it should also come under e-commerce and be given the facility," she added.