The Foreign Investors' Chamber of Commerce and Industry (FICCI), on behalf of all foreign investors in Bangladesh, welcomed the amended Finance Bill-2022 recently passed in the parliament.
The FICCI expressed its sincere gratitude and special thanks to the Prime Minister Sheikh Hasina and Finance Minister AHM Mustafa Kamal for considering its request to amend some of the provisions of the Finance Bill-2022.
"We are delighted to observe that the government considered some of the FICCI's requests on the amended Finance Bill 2022-23, which will definitely have some positive impact on the businesses of the current foreign investors in Bangladesh and also act as the catalyst for attracting FDI in different sectors in Bangladesh," said a press release on Sunday.
It said the FICCI appreciated the government's decision not to impose a tax on the company's contribution to the Workers' Profit Participation Fund (WPPF), government's initiatives of increasing the cash transactions limit of Taka 3.6 million from the proposed 1.2 million to having the reduced corporate tax rate by 2.5 percent.
FICCI President Naser Ezaz Bijoy also welcomed the initiative of increasing the cash transaction limit of Taka 3.6 million to avail the reduced corporate tax rate by 2.5 percent.
The FICCI also welcomed the amendment of the conditions of submitting the proof of returns for the companies and firms for getting services from different service-providing institutions.
The Chamber also expressed its desire to extend its continued support to the government to work together towards the growth and development of the country by developing a tax-friendly environment.