‘NBR to introduce business-friendly revenue system’ | 2018-03-01 | daily-sun.com

‘NBR to introduce business-friendly revenue system’

Staff Correspondent     1st March, 2018 01:01:05 printer

‘NBR to introduce business-friendly revenue system’

National Board of Revenue Chairman Mosharraf Hossain Bhuiyan and Foreign Investors’ Chamber of Commerce and Industry (FICCI) President Shehzad Munim are seen at a luncheon meeting organised by FICCI at a hotel in the capital on Wednesday.

National Board of Revenue (NBR) chairman Mosharraf Hossain Bhuiyan on Wednesday said that the government is trying to introduce business friendly revenue system in the country to encourage more investments. The investments, he said, will generate more revenue.

The NBR chairman made the observation at the luncheon meeting of the Foreign Investors’ Chamber of Commerce and Industry (FICCI) at a city hotel on Wednesday.

FICCI President Shehzad Munim, Executive Directo Jamil Osman, FICCI executive committee member Francois de Maricourt and foreign investors attended the programme.

Addressing the programme, NBR Chairman said that the government is implementing mega projects with its own resources which escalates the size of the budget. At the same time, it is also putting pressure on revenue collection.

For this, NBR is trying to introduce creating investment friendly atmosphere which will ultimately increase the revenue income. And they will sit with the local and foreign investors for a business friendly budget, he said.

Towards foreign investors, NBR chairman said that there is a huge market for foreign investors and they can establish industries in Bangladesh to explore the untapped potentials.

FICCI President Shehzad Munim said that Bangladesh needs to have around $50 million investment to implement SDG goals and it is not possible without attracting foreign investments.

“In order to attract huge foreign investment, the government should focus on two things which are taking a set of initiatives and providing support to the existing foreign investors in expanding their current investment. And NBR can play a great role in this regard”, he said.