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Presentation..
A team performance
by.
Mobassira Fabiha
Haque
20-024
Mohammad Atikur
Rahman
20-100
Al - Faysal Bin
Amin Tasik
20-168
M.Q.M. Siddiqui
Proshun
20-202
Parbon Acharjee
20-212
Pre-Budget Discussion
and its Reflection in
National Budget
2015-2016
Now Presenting.
Mobassira Fabiha
Haque
20-024
Currently the price of 25 sticks of non-filter and 20 sticks of filter bidi stands at
Tk. 6.14 and Tk. 6.92 respectively. And the minister declared it to be Tk. 7.06
and Tk. 7.98 respectively from now on.
The finance minister declared a uniform tax rate of 45% for all cigarette
manufacturing entities viz. private limited, public limited or publicly traded
company and for taxpayers including individual and partnership firm etc.
The budgetary allocation for education and technology declined by 1.5% point
and proposed at 11.6% of the total budget outlay in the FY 2015-16 compared to
13.1% in the FY 2014-15.
Allocation for health also declined by 0.1% point from 4.4% of the total budget in
the FY 2014-15 to 4.3% in the FY 2015-16.
Now Presenting
Parbon Acharjee
20-212
On Energy
The government has said in the
proposed budget for 2015-2016 that it
needs to finalize programs within 2015
for the installation of power plants in the
country, making
the plants.
On Apparel Sector
Deduction of 0.3% source tax on CM
against FoB and 10 income tax till
2019.
On Apparel Sector
Deduction of 0.3% source tax on CM
against FoB and 10 income tax till
2019.
Continuation of the 0.30% source tax
till next 5 years and 10% income tax
till 2019.
On Apparel Sector
Deduction of 0.3% source tax on CM
against FoB and 10 income tax till
2019.
Continuation of the 0.30% source tax
till next 5 years and 10% income tax
till 2019.
Increasing the cash support to 8.0%.
On Apparel Sector
Deduction of 0.3% source tax on CM
against FoB and 10 income tax till
2019.
Continuation of the 0.30% source tax
till next 5 years and 10% income tax
till 2019.
Increasing the cash support to 8.0%.
Duty- free import of fire proof color
coating for pre-fabricated building
materials and other energy saving
equipment like LED bulb and tube light
to help ensure a safe and environment-
On Apparel Sector
Deduction of 0.3% source tax on CM
against FoB and 10 income tax till
2019.
Continuation of the 0.30% source tax
till next 5 years and 10% income tax
till 2019.
Increasing the cash support to 8.0%.
Duty- free import of fire proof color
coating for pre-fabricated building
materials and other energy saving
equipment like LED bulb and tube light
to help ensure a safe and environment-
Now Presenting.
Al-Faysal Bin
Amin Tasik
20-168
REHAB sector
Demands placed before Chairman of National
Board of Revenue (NBR) at a pre-budget
meeting on 2nd April,2015 include:
Allowing investors to invest their Undisclosed
money earned Legally in the housing sector.
Slashing gain tax, stamp fee and VAT by 50%.
Halving taxes payable by the developers
according to the provision of Income Tax
Ordinance section 1984/53 FF.
Re-fixation of taxes against the lands outside of
the RAJUK and CDA areas from the 4% and 3%
to 2% and 1%.
Tea sector
Tea sector:
Bangladesh Cha Sangsad proposed imposing a higher import duty on tea imports for the sake of local producers before the Chairman of NBR on 2 nd April, 2015.
President of Bangladesh Cha Sangsad Ardashir Kabir said that the production of tea is increased by 187% to 200% and if the import of tea is allowed at a lower duty then it would make it difficult for the sector to survive.
**This years budget agreed to their proposal. To protect the fair interest of our local tea growers, our Honorable Finance minister AMA Muhith proposes to increase the supplementary duty on tea imports from 15% to 20%.
Now Presenting.
M.Q.M. Siddiqui
Proshun
20-202
withdrawal of VAT from all sorts of ecommerce products for 3-5 years
withdrawal of 4.5% VAT from the ICT
sector
demanded on imposing high amount
of tax on imported operating system.
they have sought over Tk2,237 crore
for building a digital Bangladesh by
Now Presenting.
Mohammad Atikur
Rahman
20-100
Foreign investors
They urged NBR to reduce corporate tax at 30% from the existing
35% for non-publicly traded company, and the rate for Mobile phone
operator (non-listed) should be reduced at 32.5% from the existing
45%.
Ms.Rupali managing director of Berger Paints Limited proposed to
withdraw supplementary duty for local companies from the upcoming
budget which will be come into effect from 2016.
Reduction of advance income tax to 2% from 5% for industrial
companies and cancellation of tax deduction not admissible for excess
prerequisites, normal depreciation rate at 50% to be allowed for any
software.
Cancellation of the provision for making companies liable to pay
minimum .30% on gross receipts.
Tourism sector
Tour Operators association of Bangladesh (TOAB)
president Dr Akbar Uddin Ahmed urged the NBR to
make the import of tourist buses duty-free.
TOAB president also sought seven-year tax holiday
for the sector.
Khabiruddin Ahmed of Tourism Resort Industries
Association of Bangladesh (TRIAB) demanded the NBR
exempt VAT and provide duty-waiver for the resort in
rural areas for next few years.
He also demanded resorts in rural areas should be
kept out of income tax net for the two years to
Implementation in budget
In the National Budget for 2015-16, the civil aviation and
tourism sector has received an allocation of Tk 372
crore against total budget size of Tk 2,95,100 crore.
The allocation of Tk 372 crore is Tk 225 crore more
than the revised budget of 2014-15 fiscal year that was
Tk 147 crore.
Of the total Tk 372 crore, Tk 329 crore is proposed to
be spent under the Annual Development Programme
(ADP) and Tk 43 crore under non-development sector.
Any
query?
Thank
You!