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Developed countries using vaccines as political tool: Mannan
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ICMAB hosts webinar on impact of Covid-19 on SMEs, SMPs-561482
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Speakers for digitization of NBR, reforms in VAT Act | Bangladesh Sangbad Sangstha (BSS)
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Increase tax rebate investment, experts say at ICMAB webinar
Experts take part in a webinar on national budget for 2021-22 fiscal year organised by the Institute of Cost and Management Accountants of Bangladesh on May 20. Photo: ICMAB
Star Business Report
Star Business Report
The cost and management accountants have urged the government to double the tax rebate to Tk 120,000 from Tk 60,000 at present for investment on deposit pension scheme.
They made the call at a webinar on national budget for 2021-22 fiscal year on May 20 and urged the government to be more prudent in resource allocation.
They also demanded digitisation of the National Board of Revenue and reform of tax systems.
Karachi
May 11, 2021
KARACHI: Institute of Cost and Management Accountants of Pakistan (ICMA Pakistan) has submitted its pre-budget recommendations to the Federal Board of Revenue (FBR), Ministry of Finance, and other Government organizations for consideration in the forthcoming Federal Budget 2021-22.
The Fiscal Budget Proposals 2021-22 of the Institute covers not only Tax-related proposals including Income tax, Sales tax, Customs Duty, and Federal Excise but also Sector/Industry related proposals covering around 16 industries. The ICMA budget booklet also has a special chapter on the proposals for Export-oriented companies.
The primary intention of these proposals is to create an enabling environment for the private sector and businesses to flourish and promote industrial productivity, investment, and economic growth in the country. It has been recommended in the proposals that in order to support ease of doing business, harmonization should be achieved between various tax and