Tue, 26 September 2023
The Daily Ittefaq

MP Kazi Nabil urges for tax exemption of Tk 2000 for senior citizens

Update : 06 Jun 2023, 11:27

Kazi Nabil Ahmed, Member of Parliament of Jessore-3 constituency has requested to consider exempting the issue of minimum tax payment of Tk 2000 for submission of returns in the budget of 2023-24 in the case of senior citizens above 65 years of age.

He participated in the discussion about the supplemental budget on June 5, and asked the Finance Minister to take the issue under consideration.

Finance Minister AHM Mustafa Kamal proposed a 15 percent value added tax on ballpoint pens in the budget proposal presented in Parliament on June 1.

Meanwhile, a 15 percent value added tax has been proposed at the manufacturing level on ball point pens. In the proposed budget, the tax will be levied at the time of supply of pens from the factory to the market. As a result, the price of the pen will increase. Nabil Ahmed also demanded the withdrawal of the proposed tax on pens.

"Tax on pens has been increased. As it is educational material, please reconsider it. I also request to consider 2000 taka in case of person above 65 years of age to submit the return," he requested the Finance Minister.

According to Kazi Nabil, "our tax percentage as a percentage of GDP is still low when compared to other countries. While it is only 9% in our country, it ranges from 17 to 20% in many of our neighbors. We have to spread our tax net and conduct a "tax census" if necessary".


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