BANGLADESH NEWS
Jatiya Party MP Anisul Islam Mahmud urged the Finance Minister to reconsider proposals to impose tax at source on bank interest and not to increase minimum income tax ceiling to Tk 3,000 from Tk 2,000.
The former Fooreign Minister was reviewing the budget for the next fiscal in Parliament Monday.
Mahmud proposed that source of income should be disclosed when when tax evaders whiten their money.
The government should mobilise foreign assistance to reduce pressure on bank borrowing as there is $16 billion foreign aid in the pipeline, he added.
About export tax at source, he said it should be retained at existing 0.6 percent instead of the proposed 1.2 percent.
The former Fooreign Minister was reviewing the budget for the next fiscal in Parliament Monday.
Mahmud proposed that source of income should be disclosed when when tax evaders whiten their money.
The government should mobilise foreign assistance to reduce pressure on bank borrowing as there is $16 billion foreign aid in the pipeline, he added.
About export tax at source, he said it should be retained at existing 0.6 percent instead of the proposed 1.2 percent.
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