Breaking News
September 19, 2018 - Md Shafiqur Rahman Patwary, Chairman of the Insurance Development and Regulatory Authority (IDRA), unveiling two books ‘Jibon Bima’ ‘Sadharan Bima’ published by Corporate Training Institute Expert Academy at IDRA auditorium in the city on Monday. Dr Mohammad Sohrab Uddin, Actuary of IDRA and other distinguesh from different sector were also present.
September 19, 2018 - Rajesh K Surana, CEO of Lafarge-Holcim Bangladesh, presiding over a roundtable discussion on ‘Improving Safety in Construction Sector’ at a city hotel on Saturday. Architect Professor Dr Nizamuddin Ahmed of BUET, Mohiuddin Babar, Communication Consultant of the company and experts from different organizations also took part in the discussion.
September 19, 2018 - GDP growth hits record 7.86pc, per capita income US$ 1,751
September 17, 2018 - Nilufer Zafarullah, MP, Vice Chairman of the Board of Directors of Midland Bank Limited presiding over its 5th Annual General Meeting at a city auditorium recently. Md. Ahsan-uz Zaman, Managing Director and Mohammad Masoom, AMD of the Bank were also present. The AGM approves 10 pc stock dividends for the year 2017 for its shareholders.
September 17, 2018 - PM opens two bridges on Teesta, Titas rivers
September 17, 2018 - Amir Khasru to face ACC grilling
September 17, 2018 - ‘Jukta Front’s proposals over national unity contrary to constitution: Tofail
September 17, 2018 - EC to conduct polls, govt to do routine work: Quader
September 17, 2018 - Shajahan seeks highest punishment for 21 August culprits
September 15, 2018 - ASM Mainuddin Monem, Deputy Managing Director of Abdul Monem Limited, receiving the CIP card of 2016 for the substantial contribution of the group to the commerce in the country from Industries Minister Amir Hossain Amu, at a hotel in the city on Thursday.
September 15, 2018 - Bangladesh moves up three spots in Human Development Index
September 15, 2018 - New chair and Vice chair of NCC Bank
September 15, 2018 - UITS gets ICT Awards
September 15, 2018 - Daily Tk 994cr transacts thru mobile banking
September 15, 2018 - 56 businessmen get CIP cards
September 15, 2018 - Sheikh Hasina’s birthday to be dedicated to poor people: Quader
September 15, 2018 - Vote for boat to keep development going: Shajahan
September 14, 2018 - Bangabandhu Sheikh Mujibur Rahman Agricultural University gets Islamic Development Bank (IDB) Innovation Technology Awards for wheat research programme. Prof Dr Md Tofazzal Islam of the University receives the award from Prime Minister Sheikh Hasina and IDB President Dr Bandor MH Hazza on behalf of the University at a function in Hotel Radisson Dhaka on Sept 7, 2018.
September 14, 2018 - Hotel InterContinental Dhaka inaugurated
September 14, 2018 - No bar to hold polls as political situation stable: Mahmood
September 14, 2018 - No one will remain homeless in Bangladesh within 2021: Shahriar
September 13, 2018 - Dr. Anwer Hossain Khan, EC Chairman of Shahjalal Islami Bank Limited, presiding over its 752nd meeting at its head office in the city recently. Akkas Uddin Mollah, Chairman of the Board of Directors, Farman R Chowdhury, Managing Director, Khandaker Shakib Ahmed, Md. Sanaullah Shahid, Mohiuddin Ahmed, Engineer Md. Towhidur Rahman and Mohammed Younus, Directors of the Bank were also present.
September 13, 2018 - MohammodiKhanam, CEO of Prime Insurance Company Limited congratulates M. S. Zaman, Managing Director of MicroFibre Group for receiving the commercially important person (CIP) status from Commerce Minister Tofail Ahmed for making exceptional contributions to the country’s economy.Prime Insurance Company Limited is thrilled to be the insurance partner of MicroFibre Group.
September 13, 2018 - Dr. Engr. Rashid A. Chowdhury, Chairman of Bangladesh Commerce Bank Limited, attends a workshop on “Prevention of Money Laundering & Combating Terrorist financing” organized by Muradpur Branch in Chittagong at its premises recently. Zafar Alam, Managing Director (CC), Kazi Md. Rezaul Karim, DMD of the Bank and Md. Mobarak Hossain, Principal of the Bank’s Training Institute were also present.
September 13, 2018 - 56 entrepreneurs gets CIP cards today
September 13, 2018 - Traffic problem of Dhaka to be resolved gradually:PM
September 13, 2018 - ‘Prosecution proves charges against Aug 21 attack accused beyond doubt’
September 13, 2018 - PMO accords reception to officials
September 13, 2018 - Proposed Transport Act to be placed in JS on Sunday: Quader
September 12, 2018 - BKB holds managers’ conference in Khulna
Muhith hints at corporate tax cut

Muhith hints at corporate tax cut

DHAKA: Finance Minister Abul Maal Abdul Muhith yesterday hinted that the government is planning for introducing double slab of VAT system from the fiscal year 2019-20 instead of 15 percent flat VAT rate.

He also said the government is considering slashing corporate tax rate as it is encouraging that the country’s young generation is now showing interests in paying income tax.

The Finance Minister said this while addressing a ‘Pre Budget Discussion’ as chief guest organized jointly by Dhaka Chamber of Commerce & Industry (DCCI), The Daily Samakal and Chanel 24 at the Bangabandhu International Conference Centre (BICC). The programme was moderated by Editor of the Daily Samakal Golam Sarwar.

Muhith said to attract foreign direct investment in the country, Bangladesh Investment Development Authority (BIDA) has opened up ‘One Stop Service’ window where investors will get services through one point by maximum seven months after filing an application.

“It’s true that at present the rate of interest on national savings tools is a bit high compare to other non-government savings tools,” he said adding that the government would review the rate of this national savings tools after the announcement of budget this year.

The Finance Minister also said that to ensure fare competition among the companies in Bangladesh, effective enactment of ‘Competition Law’ is necessary.

Chairman of National Board of Revenue (NBR) Md Mosharraf Hossain Bhuiyan, former Adviser to the Caretaker Government Dr. AB Mirza Azizul Islam were in the main panel while former Chairman of NBR Dr. Muhammad Abdul Mazid, Executive Director of PRI Dr. Ahsan H Mansur, former President of ICAB Adeeb H Khan, former President of FICCI Rupali Chowdhury, Professor of BUET Dr. Mohammad Tamim, Managing Partner of Price Waterhouse coopers Mamun Rashid, Director of DCCI Humayun Rashid, Managing Director of Confidence Cement Ltd. Imran Karim, former DCCI President Matiur Rahman, Distinguished Fellow of CPD Dr. Mustafizur Rahman, Senior Economist of IFC Dr. Masrur Reaz, President of FICCI Shehzad Munim, CEO of IDLC Ltd. Arif Khan, Senior Research Fellow of BIDS Dr. Nazneen Ahmed, CEO of Grameenphone Ltd. Michael Patrick Foley and Research Director of CPD Dr. Khondaker Golam Moazzem were present as panel discussants.

NBR Chairman Md. Mosharraf Hossian Bhuiyan said that the next budget would prioritize the private investors and would have special focus on agriculture, power, energy, infrastructure, and health sector.

He informed that the government would import LNG very soon and it will be blended with the existing gas and added to the national grid. “After blending of gas with LNG, price of gas will be affordable, so there is no need to be panicked,” he said.

DCCI President Abul Kasem Khan said they want the upcoming budget to focus on 4Es that is Empowerment, Encouragement, Engagement and Environment.

He also underscored the need for putting emphasis on some priority areas like policy reforms, simplification of taxation system, business friendly policies, enabling business climate, policy continuing, ease of doing business, incentives, reduction of taxes and inclusive policy planning.

Besides, the DCCI president put emphasis on some priority areas like access for finance, energy security, development of SME, increase local investment, development of SEZs, export diversification, infrastructure development and PPP for a business friendly environment.

Former Adviser to the Caretaker Government Dr. AB Mirza Azizul Islam said for the economic uplift, development of infrastructures like power, energy, port, rail, communication are so much crucial areas.

“We’ve to ensure quality infrastructure as well as timely implementation of the mega projects,” he said.

Dr. Ahsan H. Mansur said the taxation system in the country needs to be automated.

Moderator of the programme and Editor of Daily Samakal Golam Sarwar urged the government to withdraw VAT on newsprint for the sake of survival of newspaper industry.

Distinguished Fellow of CPD Professor Dr. Mustafizur Rahman said that SEZs should be established according to the master plan. “Besides, for SEZs, connectivity with ports is very important,” he said.

He also said that coordination among BEZA, BEPZA and BIDA will expedite investment in the country.

About author

Leave a reply

You must be logged in to post a comment.

AWARD

Reflection Team

বাংলা

স্যান্ডউইচের দামে দেহ বিক্রি করছেন গ্রিক নারীরা!

স্যান্ডউইচের দামে দেহ বিক্রি করছেন গ্রিক নারীরা!

ভেঙে পড়ছে গ্রিসের অর্থনীতি। দুই মেয়াদে ক্ষমতায় এসেও সিপ্রাস সরকার চিত্রটা পাল্টাতে পারেনি। দিন দিন বাড়ছে বেকারত্ব। গোটা দেশটার আর্থ-সামাজিক…

Recent Video

Photo Gallery

Folder not found
wp-content/uploads/2012/02/