03 Jul 2022, 19:28

FICCI welcomes amended Finance Bill-2022

DHAKA, July 3, 2022 (BSS) - The Foreign Investors' Chamber of Commerce and 
Industry (FICCI), on behalf of all foreign investors in Bangladesh, welcomed 
the amended Finance Bill-2022 recently passed in the parliament. 

The FICCI expressed its sincere gratitude and special thanks to the Prime 
Minister Sheikh Hasina and Finance Minister AHM Mustafa Kamal for considering 
its request to amend some of the provisions of the Finance Bill-2022.

"We are delighted to observe that the government considered some of the 
FICCI's requests on the amended Finance Bill 2022-23, which will definitely 
have some positive impact on the businesses of the current foreign investors 
in Bangladesh and also act as the catalyst for attracting FDI in different 
sectors in Bangladesh," said a press release of FICCI here today.

It said the FICCI appreciated the government's decision not to impose a tax 
on the company's contribution to the Workers' Profit Participation Fund 
(WPPF), government's initiatives of increasing the cash transactions limit of 
Taka 3.6 million from the proposed 1.2 million to having the reduced 
corporate tax rate by 2.5 percent. 

FICCI President Naser Ezaz Bijoy also welcomed the initiative of increasing 
the cash transaction limit of Taka 3.6 million to avail the reduced corporate 
tax rate by 2.5 percent.

The FICCI also welcomed the amendment of the conditions of submitting the 
proof of returns for the companies and firms for getting services from 
different service-providing institutions.

The Chamber also expressed its desire to extend its continued support to the 
government to work together towards the growth and development of the country 
by developing a tax-friendly environment.

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