BASIS submitted a budget proposal to Finance Minister on ICT sector

A six-member BASIS delegation led by Syed Almas Kabir, Acting President, BASIS met Hon’ble Finance Minister AMA Muhith at his residence on Friday, May 10, 2013. They discussed about the software and ITES related issues need to be addressed in the upcoming national budget 2013-14. BASIS delegation urged to the Finance Minister to consider a couple of issues which are very important for the growth and development of ICT sector. They mentioned that, a national ICT industry development fund amounting Tk. 700 is supposed to be allocated along with forming an ICT industry development authority. BASIS delegation requested to allocate at least 10% of the allocation i.e. Tk. 70 crore in the upcoming National Budget 2013-14. They also urged to withdraw 15% VAT from internet usage to increase internet users and to encourage IT outsourcing business. BASIS delegation also recommended withdrawing VAT from e-Commerce transactions primarily for 3-5 years to help growing e-Commerce business and transactions. BASIS leaders also requested the Minister to reduce VAT on software & IT enabled services from 4.5% to 0%. It was also highlighted in the meeting that, VAT management process automation for the businessmen who are paying VAT Tk. 50 lac or more should come into effect immediately.Hon’ble Finance Minister listened to these issues paying his special attention and assured BASIS delegation to consider the same. Among others, BASIS Treasurer Uttam Kumar Paul, BASIS Director ABM Reazuddin Mosharaf, Shah Imraul Kaeesh, Navidul Huq and BASIS Sectary Hashim Ahmed were present at the meeting . The delegation handed over a written proposal to the Minister after the meeting.

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