Business Desk :
Bangladesh Chamber of Industries (BCI) on Tuesday urged the government to keep special facilities for small and medium young entrepreneurs in the upcoming budget of 2019-2020 fiscal year.
President of BCI Anwarul Alam Chowdhury came up with a set recommendations during a pre-budget discussion at the National Board of Revenue (NBR) office in the capital.
The recommendations included land allocation for young entrepreneurs at special rates in different sectors including Bangladesh Economic Zone authority (BEZA), Bangladesh Small and Cottage Industries Corporation (BSCIC) and formation of a special fund for financing youths’ initiatives.
Bank loan at lowest interest rate, fixing trade licence fee maximum at Tk 3000 in first five years, special tax facilities for the young entrepreneurs were also among the recommendations.
Their recommendations also include special tax benefit if 5 percent physically challenged and third gender workforce are employed in any industrial unit and tax benefit in investment for modernizing industrial units.
Addressing the programme, NBR Chairman Md Mosharraf Hossain Bhuiyan said he hopes that the next budget will be a business friendly one.
“Bangladesh is moving forward so we need help from all to achieve our goal. There are many businessmen in our rural areas who are evading taxes. We are thinking to bring them under tax net,” he added.
