Bangladesh Chamber of Industries (BCI) today demanded tax holiday facility for the cottage, micro, small and medium enterprises (CMSMEs) for 10 years as those units have been facing a crisis during the pandemic. Addressing a press conference, Anwar ul Alam Chowdhury Parvez, president of the BCI, also demanded tax holiday and waiver of income tax on the investment of technical
The Bangladesh Chamber of Industries (BCI) has said private sector and industries of the country will be benefited from the government's tax measures in the proposed budget for 2021-22 fiscal year. The government gave tax exemption for 20 years for automobiles and 10 years for home appliances and light engineering measures BCI think will boost local industries in the tough
Leading trade bodies welcome tax cuts
Say implementation is a major challenge
Photo - Star Digital Graphics
Staff Correspondent
Staff Correspondent
Leading business associations yesterday lauded the government s proposed budgetary measures, but pointed out that implementing those would be a major challenge.
The reaction came a day after Finance Minister AHM Mustafa Kamal proposed the Tk 6,03,680 crore national budget, offering a cut of 2.5 percentage points in corporate taxes for listed and non-listed companies and tax exemptions for several sectors to stimulate investment in manufacturing.
In its reaction, the Metropolitan Chamber of Commerce and Industry (MCCI) said the proposed budget for the next fiscal year 2021-22 was courageous and forward-looking in many aspects, but its proper implementation would face major challenges.
Bangladeshi companies interact with Japanese firms in 17-day online event
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File Photo
DHAKA, May 26, 2021 (BSS) – Thirty leading Bangladeshi companies are participating in more than 309 Business to Business (B2B) meetings with the Japanese firms through a 17-day online business matching event.
The business matching event began on Monday and it will continue up to June 11, said a press release.
United Nations Industrial Development Organisation (UNIDO),Tokyo has organised the program with the support of Bangladesh Embassy in Japan and Japan-Bangladesh Chamber of Commerce and Industry (JBCCI).
HAISON International, an investor advisory firm of Bangladesh is coordinating the program.
During the event, the Bangladesh companies will introduce their company for partnership with the participating Japanese companies in the areas of infrastructure, real estate, construction, special economic zone, container terminal, logistics, freight forwarding, cargo ship, dredging, plastic rec