ICMAB proposed to exclude Senior Citizens from submission of income Tax Retur

The Institute of Cost and Management Accountants of Bangladesh (ICMAB) has submitted its proposal for National Budget for the fiscal-year 2022-23. The proposal focused on investment-friendly Tax and Value Added tax (VAT) structure.

In a meeting presided by the Chairman of National Board of Revenue (NBR) Mr. Abu Hena Md. Rahmatul Muneem on March 02, 2022 at NBR office, a delegation team of ICMAB  led by its President Mr. Md. Mamunur Rashid FCMA  submitted the proposal and highlighted on the importance of the changes. Among other Treasurer Mr. Md. Ali Haider Chowdhury FCMA and Fellow Member Mr. Jayanta Kumar Podder FCMA were also present in the meeting. 

 

Along with 40 proposals, ICMAB proposed to remove the provision for tax on stock dividends, increase of presumptive tax by measuring actual profit of  motor vehicle for commercial used , exemption from Tax return of  Senior Citizens whose source of income is pension and interest on savings.

EVENT INFO :

  • Start Date:May 28, 2022
  • End Date:May 28, 2022
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