The FBCCI president proposed withdrawal of the advance tax (AT) from raw materials of industries and machineries
The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has urged the government to take steps to end harassment of businesses by tax officials.
"The tax officials at field level pester businesses in many ways. Prime Minister Sheikh Hasina has announced zero tolerance against corruption. Tax officials should issue notice to us [FBCCI and concerned chambers] before taking any final step against a business," said FBCCI president Sheikh Fazle Fahim on Thursday.
The FBCCI president said this at a discussion on the proposed national budget, and finance bill 2019-2020, held in Dhaka, reports UNB.
Commerce Minister Tipu Munshi, Principal Coordinator of SDG Affairs at the Prime Minister's Office Md Abul Kalam Azad, among others, were present at the event.
The FBCCI president proposed withdrawal of advance tax (AT) from raw materials of industries and machineries.
He also proposed the reduction of the 2.5% corporate tax, and cancellation of the total 15% tax on stock dividends.
BGMEA president Rubana Huq also said that their members were being harassed in various ways.