The Bangladesh Insurance Association (BIA) placed three proposals at the pre-budget meeting, including withdrawal of 15 per cent VAT on health insurance and reinsurance commission.
The proposals of BAB include allowing depreciation expenditure of right-of-use assets, acceptance of VAT challan as Mushak 6.3 for Input VAT rebate, enhancing the house rent allowance for the employees, enhancing allowable limit of medical expenses and revoking the provision of u/s 32 of the VAT Supplementary Duty Act 2012 for the banking industry.
Source: thefinancialexpress.com.bd
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