Business Desk :
Shippers’ Council of Bangladesh on Tuesday demanded withdrawal of the existing 35 percent corporate tax on shipbuilding industry in the upcoming national budget for 2019-20 for expediting the growth of the industry.
The demand was made at a meeting with Industries Minister Nurul Majid Mahmud Humayun at the Industries Ministry in the city, said a press release.
The Shipper’s Council informed that entrepreneurs are showing interest in this industry as the government has withdrawn 15 percent VAT and 5 percent advance income tax (AIT) in the current fiscal 2018-19.
The minister said the government has already listed the shipbuilding industry as a priority sector and providing all sorts of supports to develop the industry.
Shippers’ Council of Bangladesh on Tuesday demanded withdrawal of the existing 35 percent corporate tax on shipbuilding industry in the upcoming national budget for 2019-20 for expediting the growth of the industry.
The demand was made at a meeting with Industries Minister Nurul Majid Mahmud Humayun at the Industries Ministry in the city, said a press release.
The Shipper’s Council informed that entrepreneurs are showing interest in this industry as the government has withdrawn 15 percent VAT and 5 percent advance income tax (AIT) in the current fiscal 2018-19.
The minister said the government has already listed the shipbuilding industry as a priority sector and providing all sorts of supports to develop the industry.
