Increase tax rebate investment, experts say at ICMAB webinar

The cost and management accountants have urged the government to double the tax rebate to Tk 120,000 from Tk 60,000 at present for investment on deposit pension scheme.

They made the call at a webinar on national budget for 2021-22 fiscal year on May 20 and urged the government to be more prudent in resource allocation.

They also demanded digitisation of the National Board of Revenue and reform of tax systems.

The Institute of Cost and Management Accountants of Bangladesh organised the event where Mashiur Rahman, economic affairs adviser to the prime minister, was present.

The participants of the discussion suggested ensuring incentives for women entrepreneurs and digital entrepreneurs and increased support for small and medium enterprises.

They also recommended for more incentives on health sectors, health insurance, employment generation, agriculture and education in the next fiscal year.