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Hailing the proposed national budget for the next fiscal year, chartered accountants have said the budget has been a time-befitting one.
The Institute of Chartered Accountants of Bangladesh (ICAB) also said the reduction of tax on essential items, one-person company and making tax rates applicable for two years are some of the welcoming features of the budget.
However, widening the tax net is the demand of time to increase the tax-GDP ratio, they said.
The top office bearers of the ICAB came up with the observations at a press conference to disseminate its analysis of the budget at its office in the city’s Kawran Bazar area.
ICAB President Mohammed Forkan Uddin, its council member & past president Mohammed Humayun Kabir, and CEO Shubhashish Bose were present on the occasion among others.