Cold storage industry demands income tax reduction
Bangladesh Cold Storage Association (BCSA) has demanded that the government reduce for the industry's income tax from 35 per cent to 10 per cent in the national budget for 2021-2022.
"Cold storage is the biggest agro-based and environment friendly industry containing more than 400 storages storing potato and other agricultural commodities and maintaining the balance of food, contributing to the national economy and saving of foreign currency," the BCSA said in a press release.
The BCSA claimed that the government has already reduced income tax payable by thos engaged in producing poultry, fish and prawn feed, rearing cattle and milk production, horticulture, bees breeding and mushroom cultivation.
"If the taxes are reduced for the cold storage sector, the owners will be able to pay income tax wilfully and the government will be assuredly benefited from the BCSA," they said.
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