AMTOB demands turnover tax to be withdrawn
The Association of Mobile Telecom Operators of Bangladesh (AMTOB) has demanded that the forthcoming budget reduce the existing 33.25 percent talk time and internet usage of Tk 100 and 21.75 percent VAT, SD and surcharge.
The proposal was made at a pre-budget discussion meeting held at the Board of Revenue conference room on Thursday afternoon.
The proposal calls for the withdrawal or rationalization of the minimum 2% turnover tax paid by mobile service providers even if they are not profitable.
The organization also demanded a corporate tax of 32.5% and 25% for unlisted and listed operators.
It also demanded the provision of immobilization facility on all intangible assets, abolition of Taka 200 tax on mobile SIMs and provision of clear guidelines for government agencies on VAT exemption and rationalization of interest on unrevised VAT.
These proposals were presented at the budget meeting by AMTOB Secretary General Brigadier General SM Farhad (Retd.).
Chairman of the National Board of Revenue Abu Hena Md. Rahmatul Munim and President AMTOB Mahtab Uddin Ahmed were present.
Among others, Banglalink's Chief Corporate and Regulatory Officer Taimur Rahman and Robi Axiata's Chief Corporate and Regulatory Officer Shahed Alam were present.
