VOCTA urges to control syndicate, cancel Tk2,000 mandatory tax

Staff Reporter :
Citing inconsistencies in the proposed budget for the fiscal year (FY) 2023-24, tabled in the Jatiya Sangsad on June 1 this year, the Voluntary Consumers Training and Awareness Society (VOCTA), a non-government voluntary organization working on consumer rights’ issues, on Tuesday presented its nine-point recommendations to the government for necessary amendments.
In the recommendations, VOCTA suggested the government to announce its measures to control the syndicates creating sufferings for the mass-people by hiking market prices of different commodities and products and cancelthe provision of mandatory payment of Tk2,000 for the Tax Information Number (TIN) holders during submission of annual income tax returns.

The recommendations were placed at a press conference held at Jatiya Press Club. VOCTA Executive Director Khalilur Rahman Sajal presented the keynote paper while its Chairman Dr. Hossain Uddin Shekhar, Vice Chairman Sanowar Hossain Nawroz, Director (Finance) Lutfar Rahman Liton and directors Dr. Latiful Bari, Mohosinul Karim Lebu, Saidul Abedin Dollar and Nurun Nabi were present.
Khalilur Rahman Sajal said that in the budget of Tk761,785 crore, the government has recognized some problems but hasn’t given any directive to get rid of the problems. Though the government showed a projection of earning Tk500,000 crore in the budget, there is still deficit of Tk261,785 crore.

Though the consumers’ rights organizations including VOCTA demanded of the government to control inflation, create employment and generate income to protect the rights of mass people and lessen their sufferings, the issues haven’t given mass importance in the budget, Sajal said.
Appreciating the decision on increasing the tax-free income limit at Tk3.5 lakh for individuals, Sajal demanded that it should be Tk4 lakh. “If it’s fixed at Tk4 lakh, it would be logical.” He also urged the government to include the people up to 60 years in the National Pension Scheme to be effective from this year considering the life expectancy limit of 71 years in the country. He also appreciated the decision of imposing surcharge on more than one private car holders.
VOCTA also demanded increasing the number beneficiaries in the social safety net programmes and refrain from the decision on increasing 15 percent public expenditures in the budget.