Corporate taxes will be reduced for domestic entrepreneurs: NBR

Corporate taxes will be reduced for domestic entrepreneurs: NBR

According to the National Board of Revenue (NBR) chairman, the domestic industry will be promoted in the next budget (2018-19). Mosharraf Hossain Bhuiyan

Besides, corporate taxes will be reduced for domestic entrepreneurs and this will be emphasized in the next budget to encourage local industry entrepreneurs, he said.

He said this in a pre-budget discussion at NBR conference room in Segun Bagicha, the capital on Wednesday.

In the meeting, various organizations of IT and Electronics sector highlighted their demands. In response to this, NBR Chairman told the security of the local industry.

He said that the import-oriented institutions may not be given such a discount in this budget. However, there is a need to provide corporate tax and other benefits to the domestic industry.

Pointing to the Center for Policy Dialogue (CPD), he said, many Intellectuals (intellectuals) said that our fiscal deficit will be 50 billion rupees, that is not right.

There are three more months remaining in the year of the year. At this time we can recover revenue near the target.

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