BAJUS seeks 10-year tax holiday in gold refinery industry

Business Report :
Bangladesh Jeweller’s Association (BAJUS) demanded for providing a 10-year tax holiday in the gold refinery industry.
They also proposed installing Electronic Fiscal Device (EFD) machines at some 40,000 jewelry shops across the country.

The Association submitted the proposal at a pre-budget meeting for the next fiscal year (FY25) held at the NBR Bhaban in the capital’s Agargaon area.

NBR Chairman Abu Hena Md Rahmatul Muneem presided over the meeting.

BAJUS general secretary Badal Chandra Roy said that if EFD machines are installed at countrywide 40,000 jewelry shops, the revenue of the government would increase side by side balance would be brought into business.

Badal also demanded for fixing 3 percent VAT on gold, providing tax exemption related to jewelry, reducing customs duty on non-refined and partially refined gold as well as amending the gold policy to stop bringing of gold bars by the tourists, making carrying of tax free golden jewelry to 50 grams from 100 grams, providing the passengers with the facilities of baggage rule.