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DCCI seeks tax rebate in next budget to cover business losses

Update : 12 Feb 2015, 06:31 PM

Leaders of Dhaka Chamber of Commerce and Industry (DCCI) has urged the National Board of Revenue (NBR) to provide them with the tax rebate facilities for recovering the losses businesses occurred during the ongoing countrywide blockade and hartal programmes enforced by BNP-led 20 party alliance.

A DCCI delegation-led by its President Hossain Khaled made the plea at a meeting with the officials of National Board of Revenue (NBR), held at NBR headquarters in the capital yesterday. NBR Chairman Nojibur Rahman presided over the meeting. 

Claiming that they are experiencing a shortfall of around Tk7,883 crore from their earning target because of the ongoing blockade, DCCI President has requested the NBR chairman not to impose any further taxes on the businessmen in the next budget. 

DCCI President urged the NBR for giving them tax rebate in the next budget as the businessmen could not run their businesses in the last one month. Besides, the businessmen are facing troubles in paying their bank interests due to the current political unrest, he claimed. 

He explained that imported goods laden containers could not be released from Chittagong port due to the ongoing blockade and hartal, resulting in extra charges on businesses. He requested the NBR Chairman to consider up to 50% rebate on all charges at the port level.

DCCI also proposed to take measures for holding income tax fair at the upazila level alongside district level across the country to reduce tax burden on the businessmen.

In response, the NBR chairman assured the delegation of organising the income tax fair at the Upazila level, apart from the district level.

He, however, called upon the business community to do export and import business honestly, abiding the existing rules and regulations. He also stressed on expediting the tax net instead of increasing taxes. 

NBR chairman informed the DCCI delegation that NBR would soon honour the top 10 tax payers from each of the five tax zones across the country. 

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