Withdrawal of corporate tax on shipbuilding industry demanded
A delegation of Shippers' Council of Bangladesh (SCB) led by its Chairman Md. Rezaul Karim paid a courtesy call on Industries Minister Nurul Majid Mahmud Humayun at his office on Tuesday. Ariful Ahsan, Senior Vice-Chairman, Arzu Rahman Bhuiyan, Afsar Ud
Shippers' Council of Bangladesh on Tuesday demanded withdrawal of the existing 35 percent corporate tax on shipbuilding industry in the upcoming national budget for 2019-20 for expediting the growth of the industry.
The demand was made at a meeting with Industries Minister Nurul Majid Mahmud Humayun at the Industries Ministry in the city, said a press release.
The Shipper's Council informed that entrepreneurs are showing interest in this industry as the government has withdrawn 15 percent VAT and 5 percent advance income tax (AIT) in the current fiscal 2018-19.
The minister said the government has already listed the shipbuilding industry as a priority sector and providing all sorts of supports to develop the industry.