The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) welcomed on Wednesday the government decision for reducing tax at source on export to 0.60 per cent from one per cent, saying that it will encourage the country's shipment of goods to different countries.
It also lauded the government decision to impose minimum tax between Tk 3,000 and Tk 5,000 (depending on areas) in the amended finance bill passed in the parliament on Monday.
Earlier in the budget proposal it was suggested for Tk 4,000 for all. The apex trade body believes that it will help increase the government's revenue collection.
The FBCCI in a statement issued on the day hailed the approval of the budget for the fiscal year (FY) 2015-16 by the parliament.
The apex trade body felt that fisheries and poultry sectors would get further boost following income tax exemption up to Tk 1.9 million from Tk one million. It hailed 40 per cent
corporate tax for new banks that are yet to be listed in the capital market.
"We (the FBCCI) hope, the government will fullfill its budget targets. For implementaion of the budget, the private sector as well as the FBCCI will extend all-out cooperation with the government," the statemenf said.
Meanwhile, Ambassador of Italy to Bangladesh Mario Palma made a courtesy call on President of FBCCI Abdul Matlub Ahmad at the apex trade body office on Wednesday.
They discussed issues related to bilateral trade between Bangladesh and Italy. Directors of FBCCI Md. Aminul Haque Shamim, Nizamuddin Rajesh and Kamran T. Rahman, among others, were present.
The Finance Bill, 2015 was passed in the parliament on Monday last in an amended form with some changes in tax and customs duties.
talhabinhabib@yahoo.com.
FBCCI welcomes cut in tax at source on exports
FE Report | Published: July 02, 2015 00:00:00 | Updated: November 30, 2026 06:01:00
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