ICMAB hosts discussion on national budget for FY25

The Institute of Cost and Management Accountants of Bangladesh (ICMAB) successfully convened a Continuing Professional Development (CPD) programme titled "Discussion on National Budget 2024-25" on Friday at the ICMAB Ruhul Quddus Auditorium, Nilkhet, Dhaka.

The programme was graced by Mr. Md. Abdur Rahman Khan FCMA, Secretary, Financial Institutions Division, Ministry of Finance as the Chief Guest, and Mr. A K M Badiul Alam, Member (Tax Policy) of the National Board of Revenue (NBR), honoured the event as the Special Guest.

Mr. Snehasish Barua, FCA, ACA (ICAEW), Managing Director of SMAC Advisory Services Ltd. & Partner at Snehasish Mahmud & Co. - Chartered Accountants, presented the keynote address.

His presentation focused on the salient features of the Finance Bill 2024, highlighting significant changes and their implications. Key highlights from the keynote presentation included comparisons of the national budget figures, source and allocation of budget, changes in direct and indirect taxes, and specific implications for various sectors.

The detailed analysis provided a comprehensive overview of the proposed budget and its expected impact on the economy.

Dr. Md. Musfiqur Rahman FCMA, Professor in the Department of Accounting & Information Systems at the University of Dhaka, provided an in-depth discussion on the keynote, adding valuable insights and perspectives.

The event was presided over by Mr. Mahtab Uddin Ahmed FCMA, Vice-President of ICMAB, who emphasised the importance of such discussions in enhancing the knowledge and skills of professional accountants, particularly in understanding and adapting to new fiscal policies.

The programme concluded with an engaging Q&A session.

Among the attendees were Treasurer Mr. Abdul Matin Patwary FCMA, Past President Mr. Jamal Ahmed Chowdhury FCMA, Past President Mr. Rafiq Ahmad FCMA, Past President Mr. Mohammed Salim FCMA, along with a large number of fellows and associate members.