Small merchants have urged the Government to relieve the management of added value (VAT) taxes, stop harassment and improve the situation of the law and order to guarantee pleasant commercial climate.
They made the lawsuits at a view of viewing of Vista organized by the Chamber of Commerce and Industry of Dhaka (DCCI) in Dhaka today, according to a press release.
For all the latest news, follow Daily’s Google Star news channel. Speaking at the event, the president of DCCI, Taskeen Ahmed, said that the complex VAT and tax system, the delay in export-import activities, the application of weak law and high bank interest rates are pressing the economy, especially for small and medium enterprises (SME).
He requested the complete automation of income management, a single -digit VAT rate and easier credit to boost industrialization.
“Entrepreneurs want to pay taxes and VAT, but without harassment,” he said, added that the rule of law is critical for commercial operations without problems.
Mohammad Mostafizur Rahman, additional director (SM and Department of Special Programs) at Bangladesh Bank, said the Central Bank has extended the seven -year loan period and formed a TK Fund 25,000 million rupees to support SMEs at lower interest rates.
The program took place at the Tokyo Convention Center in the Mohammadpur of the capital.
While talking at the event, MD Milon Sheikh, additional commissioner of Customs, Special Taxes and Commissioners (Dhaka West), said the VAT collection has grown by 15-20 percent in the areas of Mohammadpur and nearby, and 98 percent of small businesses are now registered in VAT.
He pleased proposals for a VAT return application to reduce human contact and simplify collection procedures.
The MD Alamgir Kabir, an additional deputy commissioner (tissue zone), said the situation of the law and order has improved, citing recent arrests of many extortionists.
Tania Sultana, commissioner attached to additional police (traffic, tissue zone), emphasized the need for greater public awareness to relieve traffic congestion.
The leaders and senior representatives of DCCI of several market associations also spoke, asking for better commercial conditions for merchants.