Staff correspondent :<\/p>\n
Business leaders and entrepreneurs have urged the
\ngovernment and related stakeholders to keep the tax burden manageable in the
\nupcoming national budget.<\/p>\n
Besides, they have drawn the attention of the government to formulate long-
\nterm tax policies to bolster sustainable business growth.<\/p>\n
Entrepreneurs and Business leaders made this call during a standing committee
\nmeeting on income tax at the Federation of Bangladesh Chambers of Commerce
\nand Industry (FBCCI).<\/p>\n
The first meeting of the Standing Committee on Income Tax was held on
\nThursday afternoon at FBCCI’s office in the city, said a press release today.<\/p>\n
It was presided over by the Director-in-charge of the committee and the
\nDirector of FBCCI Tapan Kumer Majumder.<\/p>\n
During the meeting, entrepreneurs emphasized the importance of maintaining a
\nmanageable tax burden in the upcoming national budget, asserting that
\nexcessive taxes could discourage business and trade activities. They called
\nupon the government to formulate comprehensive, long-term tax policies to
\nfacilitate informed decision-making in business, trade, and investment
\nsectors.<\/p>\n
Key recommendations put forth by the Standing Committee members included
\nphasing out tax at source and minimum tax sectors in the next national
\nbudget, reducing tax disparities between the public and private sectors,
\nensuring timely tax refunds within 60 days as per legal provisions, and
\npromoting automation in tax, VAT, and customs administration.<\/p>\n
Additionally, there were proposals to strengthen the Research and Development
\nDepartment of the National Board of Revenue (NBR) for proper taxpayer
\nassessment and to incentivize tax compliance.<\/p>\n
FBCCI Senior Vice President Md. Amin Helaly addressed the concerns related to
\nVAT, taxes, and customs, emphasizing FBCCI’s commitment to addressing these
\nissues. He encouraged entrepreneurs to provide sector-specific
\nrecommendations to FBCCI for cohesive representation to the government.<\/p>\n
Chairman of the committee, Mohammed Humayun Kabir, echoed the sentiment of
\nincreasing government revenue while ensuring fairness in tax policies that do
\nnot burden traders disproportionately.<\/p>\n
Director Tapan Kumer Majumder emphasized the importance of strengthening
\nrelationships between the business community and the NBR, highlighting
\nFBCCI’s readiness to collaborate as an active partner.<\/p>\n
FBCCI Vice President Md. Munir Hossain, Director Hafez Harun, Alhaj Azizul
\nHoque, Kausar Ahmed, Md. Amir Hossain Noorani, Syed Md. Bakhtiar, FBCCI Panel
\nAdvisor and Partner of Snehasish Mahmud & Co Snehasish Barua FCA, Dr. BM
\nDulal, and other dignitaries were present at the meeting<\/p>\n","protected":false},"excerpt":{"rendered":"
Staff correspondent : Business leaders and entrepreneurs have urged the government and related stakeholders to keep the tax burden manageable in the upcoming national budget. Besides, they have drawn the attention of the government to formulate long- term tax policies to bolster sustainable business growth. Entrepreneurs and Business leaders made this call during a standing committee meeting on income tax at the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI). The first meeting of the Standing Committee on Income Tax was held on Thursday afternoon at FBCCI’s office in<\/p>\n","protected":false},"author":1,"featured_media":5021,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"limit_modified_date":"","last_modified_date":"","rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"yes","rop_publish_now_accounts":{"facebook_5980380192037842_108390337697511":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[14],"tags":[],"class_list":["post-5020","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"jetpack_publicize_connections":[],"_links":{"self":[{"href":"https:\/\/dailyenglishtimes.com\/index.php?rest_route=\/wp\/v2\/posts\/5020","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyenglishtimes.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyenglishtimes.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyenglishtimes.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyenglishtimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5020"}],"version-history":[{"count":1,"href":"https:\/\/dailyenglishtimes.com\/index.php?rest_route=\/wp\/v2\/posts\/5020\/revisions"}],"predecessor-version":[{"id":5022,"href":"https:\/\/dailyenglishtimes.com\/index.php?rest_route=\/wp\/v2\/posts\/5020\/revisions\/5022"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyenglishtimes.com\/index.php?rest_route=\/wp\/v2\/media\/5021"}],"wp:attachment":[{"href":"https:\/\/dailyenglishtimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5020"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyenglishtimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5020"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyenglishtimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5020"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}