Staff Correspondent: Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has urged the government and the National Board of Revenue (NBR) to be cautious so that businesses are not harassed during the implementation of the new VAT law.
FBCCI chief Sheikh Fazle Fahim came up with the urge at a press conference on formal reaction to the proposed budget.
The press conference was held at the Federation Bhaban in the capital’s Motijheel on Saturday.
He said, “The VAT law of 2012 has yet not been implemented. Now there are multiple rates. Limitations may be found in cases of people those are not involved in the practice. We urge the government and authorities concerned not to hassle businesses during the implementation of the new VAT law.”
He, however, termed the proposed budget business and people friendly.
In reply to query, he said, “There is not mentioned ‘black-money’ in the proposed budget. It mentioned ‘undisclosed or uncounted money. Bangladesh will achieve status of middle-income country by 2021. We want informal money to emerge out as formal money. So, we welcomed the budget's proposed scheme.”
risingbd/Dhaka/June 15, 2019/MA Rahman/AKA