Long term tax incentives have been granted to ‘Made in Bangladesh’ labelled goods and services which had started in the last fiscal year 2021-2022 and continues said finance minister. He added that initiatives should be taken to create new export sectors, diversified goods and search for new export markets so that ‘Made in Bangladesh’ can be global brand to every nation out there.
Service export should be given due priority along with goods export. “As part of this initiative, I propose to include all the export services in definition of export in the tax statute” minister added. “I also propose to exempt the income earned in foreign exchange by ocean-going vessels carrying the Bangladeshi flag from paying tax until 2030, provided the income is brought to Bangladesh through a banking channel,” he further said.
He wished Bangladesh will be able to establish service export as a potential export industry for earning foreign currency for the country by adopting these proposals. Mr. A H M Mustafa Kamal placed Tk 6,78,064 crore national budget for FY23 at Jatiya Sangsad. Safeguarding marginal people from inflation fuelled by the Russia-Ukraine conflict is the top priority of this year’s national budget.