Finance Minister AMA Muhith has proposed extending the tax exemption facilities by four years to encourage investment. The privilege was due to end on June 2015.”We have taken effective measures to further the existing incentives with a view to creating investment-friendly atmosphere for industrialization,” Muhith said in placing the national budget for FY2014-15 in the parliament on Thursday. He also proposed resumption of the facilities of accelerated depreciation alternative to tax holiday for the new industrial entrepreneurs.Muhith proposed to offer tax exemption facilities for 5 years in graduated rate for Demutualised Stock Exchange to maintain stability in capital market.He offered to extend the limit of tax exempted dividend income from Tk. 10 thousand to Tk. 15 thousand.He also proposed tax holiday-facilities for pollution-free Hybrid Hoffman Kiln (HHK) brickfields to protect ecology and environment for sustainable development.He proposed non-tax facilities for all donations through banking channels to girls’ schools or colleges and vocational and technical institutions. Tax exemption has been proposed for donations through banking channel to national level research institutions engaged in research in agriculture, industry, science and technology.
