Monday, June 17, 2024


Dhaka Tribune

BCS wants tax holiday for ICT industry

Update : 15 Apr 2014, 06:44 PM

Bangladesh Computer Samity (BCS) wants a seven-year tax holiday facility for information and communication technology (ICT) industry and Tk700 crore fund for the government’s specialised digitisation programme.

The Samity also demanded withdrawal of value added tax (Vat) on Internet use to help e-business and outsourcing flourish.

BCS president AHM Mahfuzul Arif placed a total of seven demands for the upcoming budget before the members of press in Dhaka yesterday.

The organisation already submitted the budget proposals to the National Board of Revenue (NBR).

“ICT can become a bigger sector than garment sector,” said AHM Mahfuzul Arif. “But Vat on Internet is a major barrier. We demand withdrawal of Vat.” He said Vat withdrawal from Internet bandwidth will help expand e-business and software outsourcing.

Earlier in their own budget proposals, Association of Mobile Telecom Operators of Bangladesh (Amtob), Bangladesh Association of Software and Information Services (BASIS) and other ICT sector associations also sought Vat withdrawal from the Internet bandwidth.

 “It is an urgent need to withdraw 9% Vat on house rent from ICT sector at least for next five fiscal years,” said BCS president.

“The government should also allocate Tk700 crore for the digitisation programme in schools and other educational institutions,” he said.

 According to him, the fund, among other things, will help conduct researches on digital products and their market. 

The Samity proposed to change and rearrange some HS codes of ICT products.

It said Vat withdrawal from computer and computer accessories will generate huge benefit for the country.

If the demands are met, the ICT sector will witness a boost in business.

Top Brokers


Popular Links