Bangladesh Poultry Industry Assn. urges government to give nation's poultry industry tax exemption for 12 years through 2025, citing severe impact of bird flu on country's poultry industry

Nevin Barich

DHAKA, Bangladesh , April 2, 2013 (Bangladesh Sangbad Sangstha) – With the aim of ensuring steady growth of poultry industry, Bangladesh Poultry Industry Association has urged the government to give the poultry industry tax exemption for 12 years up to 2025.

General Secretary of the Association Dr Manzur Morshed Khan made this request at a pre-budget discussion with the National Board of Revenue (NBR) held today at the NBR headquarters in the city.

NBR Chairman Golum Hossain presided over the discussion on the next budget for 2013-14 financial year.

Referring to the severe impact of bird-flue on the country's poultry industry, Khan said the tax exemption would help this sector recover the losses, which would also eventually create a good number of jobs over the years.

The NBR chairman said the government would consider all possible fiscal supports to the poultry industry to help this sector sustain and grow steadily.

At the meeting, Bangladesh Agro Food Processors Association (BAPA) put forwarded a set of budget recommendations that included waiver of corporate tax, reduction of advance income tax (AIT) for importing agro-processing stuff to 2.0 per cent from the existing 5.0 per cent, lifting of VAT (value added tax) on locally produce milk-powder and lifting either tariff or VAT on agro- products those are now subject to both taxes.

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