Direct tax may increase: Muhith
May 24, 2009
The government may increase direct tax in the next budget that is being carefully strewn in the aftermaths of global financial meltdown, the finance minister said on Saturday. “Direct tax may see a rise, as we try to offset the recession impact,” A M A Muhith said at pre-budget discussion at Jalalabad Gas Transmission & Distribution System Ltd auditorium at Mehendibagh in Sylhet on Saturday. “We want to make additional income from luxury products,” the minister said and added that the proposed fiscal measures would put pressure on 82 items.
“Tax is being raised because of circumstances (beyond our control). So every one will have to accept the move,” he said.
Muhith said revenue earning was projected at Tk 63000 crore in 2008-2009 financial year while it may rise by Tk 20000-25000 crore in the new fiscal year.
He termed the upcoming budget as the budget of partnership. “We are stressing more on development of human resources, information technology, industrialisation, energy and power, and agriculture and rural infrastructure,” he said
On the empowerment of local government bodies, he said the government wanted the MPs to advise the Upazila chairmen. “But the parliament passed the bill making the Upazila chairmen accountable to the MPs,” he said.
Sylhet divisional commissioner Jafar Ahmed Khan, former Bangladesh Bank governor Dr Faras Uddin, Securities and Exchange Commission Chairman Ziaul Haque Khondker also spoke.
Source: bdnews24
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