Press Release
BASIS in Media
Current News
Press Kit
Upcoming Events
08 Aug 2019
BASIS National ICT Awards 2019 Powered by IPDC Finance Limited
09 Jul 2019
BASIS National ICT Awards 2019 Kicks Off
19 May 2019
BASIS has Placed ICT Budget Proposal to Hon’ble Finance Minister
18 May 2019
BASIS Iftar & Doa Mahfil 2019 Held
12 May 2019
BASIS Highlighted Transformation of Digital Bangladesh in China
More News
Home » Press Release » Details
12 Apr 2015
Budget Recommendation for IT Sector: Urge for Tax Exemption in IT till 2024 and withdrawal of VAT in E-Commerce
BASIS has presented a budget recommendation for the development on IT and Software industry to the Hono?ble Finance Minister Mr. Abul Maal A. Muhith on Sunday, 12th April, 2015. This recommendation was presented by the presented by the President of BASIS, Mr. Shameem Ahsan, after a joint meeting between the Ministry of Finance, ICT Division and BASIS.
The recommendation was comprised of suggestions such as exemption of Tax on IT and IT Enabled Services till 2024, withdrawal of VAT on any E-Commerce based product or service for the next 3 to 5 years to popularize the E-Commerce scenario of Bangladesh, impose import tax on customized software or products manufactured in foreign countries, reduction of VAT from 4.5% to 0% on IT enabled services, introducing locally produced VAT related software for VAT automation in the large companies of the country and reducing the 9% tax on house rentals for the IT offices.
Share |

User ID
Password
Can't login?

Copyright © 2019 BASIS. All rights reserved.