Business Desk :
President of the International Business Forum of Bangladesh (IBFB) Humayun Rashid has called upon the authorities concerned to take necessary steps for increasing the tax-GDP ratio to 20 percent from the existing 10 percent aimed at developing the country’s infrastructure.
“Infrastructure is the key to creating a business friendly environment. At least 5 percent of the GDP should be invested for infrastructure development. But, Bangladesh is only investing around 3.5 percent of GDP for developing infrastructure, including power, electricity and communication,” Humayun Rashid told.
He urged the authorities concerned to make easy the tax payment process for increasing the number of taxpayers as they feel comfort and pay taxes in time.
Humayun Rashid, also managing director of the Energypac Power Generation Limited, called for making easier the process of having electricity connections for the industries and getting bank loans and land registrations.
“Bangladesh should improve its position in ‘ease of doing business’ ranking for attracting more investment. Easy process for obtaining the electricity connection, bank loan and land registration will help improve the position in ‘ease of doing business’ ranking,” he added.
President of the International Business Forum of Bangladesh (IBFB) Humayun Rashid has called upon the authorities concerned to take necessary steps for increasing the tax-GDP ratio to 20 percent from the existing 10 percent aimed at developing the country’s infrastructure.
“Infrastructure is the key to creating a business friendly environment. At least 5 percent of the GDP should be invested for infrastructure development. But, Bangladesh is only investing around 3.5 percent of GDP for developing infrastructure, including power, electricity and communication,” Humayun Rashid told.
He urged the authorities concerned to make easy the tax payment process for increasing the number of taxpayers as they feel comfort and pay taxes in time.
Humayun Rashid, also managing director of the Energypac Power Generation Limited, called for making easier the process of having electricity connections for the industries and getting bank loans and land registrations.
“Bangladesh should improve its position in ‘ease of doing business’ ranking for attracting more investment. Easy process for obtaining the electricity connection, bank loan and land registration will help improve the position in ‘ease of doing business’ ranking,” he added.
