Budget 2014-15: Breeders Assoc of Bangladesh places demands

Breeders Association of Bangladesh on Sunday submitted a 5-point proposal before the Finance Minister for his consideration in the budget for FY 2014-15, including extension of the tax holiday facility for the poultry sector up to 2025 from the existing 2015. A delegation of the association, a platform of the businesspeople involved in poultry breeding and hatching industry, placed the demands before AMA Muhith at his Secretariat office, aiming to save the sector alongside attracting more investment. Association Secretary General Saidur Rahman Babu led the delegation. Their demands also include fixing the bank interest rates of all public and private banks for the poultry sector at 9 per cent, allowing feed meals under the tax holiday schemes as in the past and non-enforcement of 16 CCC of the Finance Act in this sector. The association demanded that the government take strong steps so that the local companies do not face setback amid aggression by foreign companies, formulating a policy to make mandatory the foreign companies to invest about 90-95 per cent of their profits in the country instead of taking back their profit abroad, making it mandatory for the foreign companies to take local companies as partners while making investment in Bangladesh and not imposing VAT on collected agriculture produces, according to UNB.