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IT associations's post budget reaction

IT associations's post budget reaction

Bangladesh ICT associations has expressed their reaction of the announced budget for FY 2018-19. Bangladesh Association of Software and Information Services (BASIS) along with other IT associations including Bangladesh Computer Samity (BCS), Internet Service Providers Association of Bangladesh (ISPAB), Bangladesh Association of Call Center and Outsourcing (BACCO) organized the press conference. The conference was held at the VIP Lounge of the National Press Club.

Syed Alams Kabir, President of BASIS, Engr. Subrata Sarkar, President of BCS, M A Hakim, President of ISPAB, Wahidur Rahman Sharif, President of BACCO, Farhana A Rahman, Senior Vice-President of BASIS, Shoeb Ahmed Masud, Vice-President (Admin) and Mushfiqur Rahman, Vice President (Finance) also spoke in the press conference.

BASIS President proposed to reduce import tax on operating systems, database, development tools and cyber security software. But including these sectors, government has reduced import tax on 'other computer software’ as well, which will hamper the growth of local software industry.

He also urged the government to withdraw the VAT on ITES as corporate tax is exempted on IT/ITES up to June 2024. He praised the government for keeping online shopping/ ecommerce VAT free.

However, he urged to the government to make more clarity on the definition on the 'Online shopping/eCommerce’ and 'Virtual Business’.

BCS President Subrata Sarkar urged the government not to increase the customs duty, which has been increased on stabilizer from 1% to 15%. He also urge the government to keep IPS, UPS TAX rate as it was in the FY 2017-18.

ISPAB President M A Hakim said, tax should be waived on internet modem, computer network switch, hub, and server, to ensure internet for all.

BACCO president Wahidur Rahman Sharif said, IT and ITES export incentive should be increased from 10% to 30%. Also training and financial facilities should be provided to BPO companies.

(Press release)