Despite having huge opportunities in the global market, Bangladesh is yet to tap its trade potentials by exporting diversified products. Several studies suggest that Bangladesh can earn an additional $20 billion a year by exporting diversified products to its existing markets. According to
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Like to leave business if tax anomalies not removed: Syed Nasim Manzur
Sun Online Desk
19th April, 2021 01:03:27
The entrepreneurs of Bangladesh are exposed to a hostile taxation system which is detrimental for expansion of local and foreign investments, said Apex Footwear Ltd Managing Director Syed Nasim Manzur.
Investors are facing stepmother behaviour from the authorities concerned, he said, adding “Although an industrialist counts loss, he/she will not be exempted from the tax as per current system.”
He made the views while addressing a webinar organised by Economic Reporters’ Forum (ERF) on Saturday.
“Taxation system of Bangladesh is not business-friendly at all. So, business should be stopped. We would like to leave business just tomorrow, if problems are not resolved. The entrepreneurs are liable to count tax irrespective of his profit or loss. On the contrary, non-taxpayers enjoy various facilities. Largest businesses like us are facing bleak situation. We do
Syed Nasim Manzur
The entrepreneurs of Bangladesh are exposed to a hostile taxation system which is detrimental for expansion of local and foreign investments, said Apex Footwear Ltd Managing Director Syed Nasim Manzur.
Investors are facing stepmother behaviour from the authorities concerned, he said, adding “Although an industrialist counts loss, he/she will not be exempted from the tax as per current system.”
He made the views while addressing a webinar organised by Economic Reporters’ Forum (ERF) on Saturday.
“Taxation system of Bangladesh is not business-friendly at all. So, business should be stopped. We would like to leave business just tomorrow, if problems are not resolved. The entrepreneurs are liable to count tax irrespective of his profit or loss. On the contrary, non-taxpayers enjoy various facilities. Largest businesses like us are facing bleak situation. We do not want to continue with this kind of business. Prevalence of tax anomalies will see extinction
Will leave business if tax anomalies not removed: Syed Nasim Manzur
He criticises ‘hostile’ taxation system
Staff Correspondent 19th April, 2021 09:05:16
Country’s entrepreneurs are subjected to a ‘hostile’ taxation system which is detrimental to boosting local and foreign investments, Managing Director of Apex Footwear Ltd Syed Nasim Manzur has said.
Investors are facing stepmother-like behaviour from the authorities concerned, he said, adding that although an industrialist suffers losses, he/she will not be exempted from the tax under the current system.
Nasim Manzur made the remarks while speaking at a webinar organised by Economic Reporters’ Forum (ERF) as a panelist on Saturday.