- The Bangladesh Insurance Association (BIA) has proposed the withdrawal of VAT applicable to policyholders to help the health insurance sector expand.
- The BIA also proposed scrapping the 5 percent gains tax on profits made by policyholders of life insurance companies.
- The BIA called for withdrawing the value-added tax on the premium for agricultural, livestock, and crop insurances.
- The managing directors of the Dhaka Stock Exchange and Chittagong Stock Exchange suggested reducing taxes and corporate tax rates for listed companies.
- The NBR Chairman emphasized the need to increase tax revenue and reduce dependency on tax exemptions.
Source: thedailystar.net
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "Bangladesh"
- VAT Waiver on Vessel Imports: Opportunity for Growth with Rigorous Compliance Conditions
- Bangladesh Exempts VAT on Large Vessel Imports to Boost Trade and Employment Opportunities
- Government Grants VAT Exemption on Import of Large Sea-Going Vessels
- NBR Halts Manual VAT Audits to Prevent Corruption, Plans Automated System Implementation
- Understanding Tax Refund Limitations: Legal and Erroneous Payment Criteria Under the Tax Code
