Withdrawal of corporate tax on shipbuilding sector demanded

Bangladesh Sangbad Sangstha . Dhaka | Published: 00:00, Feb 20,2019

 
 

Shippers’ Council of Bangladesh on Tuesday demanded withdrawal of the existing 35 per cent corporate tax on shipbuilding industry in the upcoming national budget for 2019-20 for expediting the growth of the industry.
The demand was made at a meeting with industries minister Nurul Majid Mahmud Humayun at the Industries Ministry in the city, said a press release.
The Shipper’s Council informed that entrepreneurs are showing interest in this industry as the government has withdrawn 15 per cent VAT and 5 per cent advance income tax (AIT) in the current fiscal 2018-19.
The minister said the government has already listed the shipbuilding industry as a priority sector and providing all sorts of supports to develop the industry.
He advised the Shippers Council to present a realistic proposal regarding the corporate tax.
Among others, Shippers’ Council chairman M Rezaul Karim, vice chairman Ariful Ahsan and directors Arju Rahman Bhuiyan and Afsar Uddin Ahmed were present.

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