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DCCI Tax Guide 2023-24 unveiled

DCCI Tax Guide 2023-24 unveiled

The Dhaka Chamber of Commerce & Industry (DCCI) published one of its regular publications "Tax Guide 2023-24" this year. Member (taxes appeal & exemption) of the National Board of Revenue (NBR) Md. Iqbal Hossain unveiled the Tax Guide on Wednesday (Dec 27) at a function held at DCCI in the capital, said a press release.

During the function, DCCI President Ashraf Ahmed said that DCCI has been publishing the Tax Guide regularly for more than two decades that covers up-to-date information on Income Tax, Customs Duty, Supplementary Duty and Value Added Tax (VAT) along with different schedules, SROs and orders which are helpful to the tax payers to understand the taxation system of the country.

He informed that this year the Tax Guide has been published in line with the recent changes came up in the new Income Tax Act 2023.

Ashraf further stressed on increasing the tax-GDP ratio in the country to attain the desired development goals. To meet the revenue target, he suggested for widening the tax net in the country, full automation of taxation system, easing relevant rules and regulations and taking necessary reform measures.

DCCI's all valid members will get this guide free of cost while the others can buy it from DCCI office.

Member of NBR Md. Iqbal Hossain thanked DCCI for publishing tax guide at a regular basis to help the tax payers and tax professionals.

He also said that Income Tax is a complicated matter and for the sake of mass tax payers of the country the new Income Tax Act-2023 has been formulated in Bengali language to make it more understandable. He also sought cooperation from the business community and tax professionals requesting them to inform NBR if they face any difficulty while using this Act. He also reiterated that NBR is also working relentlessly to bring the taxation system under effective automation system.

DCCI Senior Vice-President Malik Talha Ismail Bari, Vice-President Md. Junaed Ibna Ali and members of the Board of DCCI were also present at the unveiling ceremony.