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MCCI calls for corporate tax cut

MCCI calls for corporate tax cut

The Metropolitan Chamber of Commerce and Industry (MCCI), on Sunday (Apr 7), demanded reduction of corporate tax, increasing tax-free ceiling for individual taxpayers, and waiving the provision for imposing double tax on companies. The MCCI leaders also proposed setting up a time-limit for the taxmen to issue tax withholding certificate for facilitating foreign investment.

They placed the demands at a pre-budget meeting with the National Board of Revenue at NBR conference room in city, chaired by the NBR Chairman Md Mosharraf Hossain Bhuiyan.

The MCCI Vice-President Golam Mainuddin presented a keynote paper at the meeting on the chamber's proposals for the budget of the upcoming fiscal year, 2019-20, local media reported.