The Dhaka Chamber of Commerce and Industry on Sunday urged prime minister Sheikh Hasina to withdraw the proposed 1.5 per cent tax at source on export proceeds in the final budget for the next fiscal year.
The chamber leaders at a meeting with the prime minister at her office also suggested continuation of current 0.4 per cent tax at source and imposition of 15 per cent tax on the income earned by the export sectors, said a press release.
The DCCI president, Asif Ibrahim, told the PM that the increased tax at source would make the export sectors of the country vulnerable in the global market competition while many developed and developing countries including India, Vietnam and China were giving incentives to the export sectors to make them competitive.
Hasina assured the business community of all out support from her government to run their businesses freely and smoothly, reports United News of Bangladesh.
'People didn't vote us to power for doing business. As in the past, we'll continue to provide all possible cooperation to the business community,' she told the delegation of DCCI.
Briefing newsmen after the meeting, PM's press secretary Abul Kalam Azad said that following a request by the prime minister, the DCCI leaders assured her of doing their best to keep the prices of essentials within the common man's reach during the month of Ramadan.
She said her government would continue to work for flourishing the private sector.
Asif suggested that the government should make liquefied petroleum gas (LPG) easily accessible for households consumption as the new gas connections have been stopped.
The DCCI president also suggested that the government should sponsor manufacturing of diversified products from jute to revive the golden fiber. He recommended that initiative should be taken to use jute for manufacturing pulp and paper.
Asif highlighted on creating opportunities for the Bangladeshi business people investing abroad for achieving 8 per cent growth.
The chamber leader recommended the PM to form a committee led by the Principal Secretary for resolving the scarcity of electricity and gas, and the problems of investment including the complexities of land acquisition and ownership. The proposed committee should include the representatives from chambers and different research and development organizations.
Commerce minister Faruk Khan, prime minister's principal secretary MA Karim, Prime Minister's office secretary Mollah Waheeduzzaman and press secretary to the prime minister Abul Kalam Azad were present at the meeting.
Source : New Age
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