FBCCI seeks reforms in tax regime

Business Desk :
Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has demanded bringing reforms in the country’s tax regime for materialising the country’s development goal, ‘Smart Bangladesh’.

The country’s apex trade body has also sought business-friendly tax system and simplification of tax collection process for increasing tax-GDP ratio, diversification of exports, and foreign investment.

FBCCI President Mahbubul Alam made the suggestions at a workshop titled”Building a Resilient Economy for Vision 2041: Key Challenges and Way Forward” organised at FBCCI office in the city, reports, BSS.

In his speech, Mahbubul Alam observed that one of the tasks and challenges in building a Smart Bangladesh is to improve the private investment environment. “Ensuring and facilitating long-term loans for this investment is very important”, he added.

He said the post-Covid crisis situation, the current world geopolitical context, the economic crisis caused by Russia-Ukraine and the war in the Middle East are having some negative impact on the overall economic activities of Bangladesh.