Manufacturing sector to get Tax Profits: NBR Chairman

Many members from different organizations of electronics and electrical, computer and ICT and telecommunication sectors had joined the pre-budget talks.

NBR chairman Md Mosharraf Hossain Bhuiyan said, as a part of governments plan for expansion of the local industrial sector, Countrys manufacturing sector will be given tax facilities in the upcoming budget for the fiscal year 2018-19 (FY19).

The National Board of Revenue (NBR) while speaking at pre-budget talks said, We want to give tax facilities to some more sectors in the next budget as such facilities in the past helped boost production and exports in some sectors. Budget will be prepared this time offering tax facilities for manufacturing sector.

Many members from different organizations of electronics and electrical, computer and ICT and telecommunication sectors had joined the pre-budget talks.

Bhuiyan was clear that priority will be given to protect the local industries. He also said that, We want to protect local industries by giving them tax facilities.

The NBR chairman said business people are appealing to decrease corporate tax by saying that it will help boost revenue income but also discourage tax dodging.

He added, Were thinking to do something in this regard . . . well try to adjust all these.

He also added ,NBR has a target to collect Tk 2.48 lakh crore and the collection trend in the last nine months of the current fiscal year (FY18) was comparatively good.

Bhuiyan said the NBR is reassuring the manufacturing sector and they will be offered facilities through formulating a policy.