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EAB urges govt to extend tax holiday up to ’15

The Exporters' Association of Bangladesh on Tuesday urged the government to reconsider extending the tax holiday facility for the export-oriented industries up to 2015 from 2013.

The association also urged the government to continue and increase the amount of stimulus package announced earlier to shield the exporters from the adverse effects of global economic meltdown as well as exploring new markets, said an EAB press release signed by its president Abdus Salam Murshedy.

In a reaction to the Finance Bill of the passed budget for fiscal year 2011-12, the EAB gave a nine-point demand comprising consideration of exemption of VAT from the rented establishment of all export-oriented industries including that of textile and clothing sector.

The EAB also demanded of the government to readjust price of per litre diesel and furnace oil at Tk 30 and Tk 26 respectively which are being used in generators and boilers of the export-oriented industries.

Source : New Age