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The country’s investment promotion authorities urged the government’s revenue authority to adopt a more flexible tax policy to woo more foreign direct investment (FDI).
The suggestions came up at a pre-budget meeting for the fiscal year 2018-19 between the investment authorities and National Board of Revenue (NBR) at the latter’s premise on Thursday.
In the meeting BIDA, BEZA, BEPZA, BUILD alleged that many foreign investors left the country before signing contract due to unfavourable tax policy compared to that of the other countries.
Leaders of the Bangladesh Investment Development Authority (BIDA), Bangladesh Economic Zones Authority (BEZA), Bangladesh Export Processing Zones Authority (BEPZA), Bangladesh Hi-Tech Park Authority and Business Initiative Leading Development (BUILD) also suggested NBR to take major decisions regarding promoting investment.