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FBCCI urges PM to re-fix tax at source

FBCCI leaders met with the prime minister, Sheikh Hasina, Sunday evening in Sangsad Bhaban and requested her to review some of the budget proposals including re-fix tax at source at 0.40 per cent on exportable goods instead of proposed 1.5 per cent.

They also asked for 15 per cent incentive for the textile sector to help grow the potential sector which contributes substantially to the national economy as well as reducing import duty on raw materials.

'The prime minister listened to us and assured us of considering our proposals,' FBCCI senior vice- president M Jasim Uddin told the news agency over phone.

He said the prime minister informed that the rate of tax at source would have to be increased to a certain level. 'She didn't, however, tell about the revised rate.'

Replying to a question Jasim said they did not discuss allowing untaxed money to channel into the capital market as they have already placed the proposal through the post-budget press conference.

REHAB president and Awami League lawmaker Nasrul Hamid Bipu, however, raised the demand during the meeting.

Jasim said the prime minister would sit with the finance minister, AMA Muhith, today to discuss their proposals.

FBCCI president AK Azad and vice-president Mostafa Azad Chowdhury Babu were also present.

Source : New Age