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.