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.
