The Institute of Cost and Management Accountants of Bangladesh (ICMAB) organized a Post-Budget Discussion Session on National Budget 2018-2019 on Monday, 25 June 2018 at the ICMAB Ruhul Quddus Auditorium, Dhaka.
Engineer Mosharraf Hossain, MP, Honorable Minister, Ministry of Housing & Public Works, Government of the People's Republic of Bangladesh attended the Session as Chief Guest while Mr. C. Q. K. Mustaq Ahmed, Chairman, Financial Reporting Council (FRC) was Present as Special Guest.
President of ICMAB Mr. Mohammed Salim FCMA presided over the Program. Mr. Ranjan Kumar Bhowmik FCMA, Commissioner of Taxes, Taxes Zone-7, Dhaka and Mr. Md. Abdur Rahman Khan FCMA, Deputy Secretary, Finance Division, Ministry of Finance presented the paper as Resource Persons.
Mr. Kanan Kumar Roy, Member (Tax Policy), National Board of Revenue (NBR), Mr. Khondkar Ibrahim Khaled, Former Deputy Governor, Bangladesh Bank, Dr. Jamaluddin Ahmed FCA, Member, Board of Directors, Bangladesh Bank & Past President, ICAB, Dr. Ahsan H. Mansur, Executive Director, Policy Research Institute Dr. Mohammed Helal Uddin, Associate Professor, Department of Economics, University of Dhaka spoke on the occasion as Commentators on the paper.
Past President, ICMAB and CEO & Managing Director, IDLC Finance Ltd. Mr. Arif Khan FCMA was present as Moderator at the program. Mr. Md. Kausar Alam FCMA, Vice-Chairman Seminar & Conference Committee delivered the welcome speech at the program.
The minister said that the people want to pay taxes, but due to our system loss taxes are not being collected accordingly. If the tax was properly collected then the national budget would have been much larger. He suggested to use the electronic cash registration machine for this. He said, using the electronic cash registration machine, the correct amount of revenue would be collected to the government server. So the source amount of budget will increase.
A good number of professional CMAs took part in the question & answer Session which made the program very lively.