Will speak in parliament in favour of withdrawing advance income tax: Planning Minister

Planning Minister MA Mannan today (June 4) said that he will speak in parliament in favour of withdrawing advance income tax (AIT), to encourage investment in the capital market.

“The issue of withdrawing the double tax policy, increasing the tax gap between listed and non-listed companies will also be presented to the government. If you send these proposals in writing, I will forward them to the government for consideration,” the minister said.

He said this while speaking as the chief guest at a discussion, titled 'Budget 2023-24: Capital Market Perspective’, held at the auditorium of the Capital Market Journalists' Forum (CMJF) in Paltan.

CMJF and Bangladesh Merchant Bankers Association (BMBA) jointly organised the post-budget discussion.

Chairman of Dhaka Stock Exchange Dr. Hafiz Hasan Babu, Chittagong Stock Exchange Chairman Asif Ibrahim, BMBA President Sayedur Rahman, and DBA President Richard De Rosario also spoke at the event. CMJF president Ziaur Rahman presided over the meeting, while general secretary Abu Ali moderated the programme.