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Posted on Aug 5, 2018 |

CPD Seminar of ICSB on “Finance Act, 2018 vis-à-vis National Budget 2018-19”

CPD Seminar of ICSB on “Finance Act, 2018 vis-à-vis National Budget 2018-19”

ICSB organized a CPD Seminar on ‘Finance Act, 2018 vis-à-vis National Budget 2018-19’ on August 04, 2018 at Dhaka Cub, Dhaka.

 His Excellency Mr. Md. Mosharraf Hossain Bhuiyan, NDC, Senior Secretary Internal Resources Division & Chairman National Board of Revenue (NBR), Ministry of Finance, Govt. of Bangladesh, graced the occasion as the Chief Guest while Respected special Guest, Mr. Kanon Kumar Roy, Member (Tax Policy). National Board of Revenue; graced the occasion as Special Guests. The Keynote Paper was presented by Mr. Sadhan Chandra Das FCA, FCS, Partner, Sadhan Das & Co. Chartered Accountants. The Designated discussants were Prof. Dr. Feroz Iqbal Faruque FCS, FCCE, CPA and Mr. Md. Azizur Rahman FCS.

Mr. Mohammad Asad Ullah FCS, Chairman, Professional Development Sub- Committee, Immediate Past President and Council Member of ICSB presided over the CPD Seminar, delivered the address of welcome and summed up the session.

Mr. Mohammad Asad Ullah FCS, Chairman, Professional Development Sub- Committee, Immediate Past President and Council Member of ICSB referred to section 174 of the Income Tax Ordinance, 1984 and Rule 37 of the Income Tax Rules 1984 which provides the eligibility of Chartered Secretaries as Income Tax Practitioner (ITP). He sincerely expected that the Hon’ble Chairman and Members of NBR will take necessary positive steps to include our members and profession as ITP and Mushak Agent in the Income Tax Ordinance and VAT law by issuing necessary SRO(s). He also urged upon the NBR to reduce the highest ceiling of individual tax rate from 30% to 25% and exempt the surcharge on the individual assets. For achieving the target Tax and VAT fixed by the Govt. NBR should undertake all effective measures to extend its Tax and VAT net and bring minimum 10% of the total population under Tax and VAT net by 2041.

The Chief Guest appreciated the profession of Chartered Secretaries who are working to ensure good governance in corporate sector and assured that he will take all out measures to include the profession of Chartered Secretary as Income Tax Practitioner (ITP) and Mushak Agent who can provide services to their clients professionally. He added that Government has to ensure additional funding for different mega projects like the Padma Bridge, Airport and Metro Rail etc. For this, NBR wants CS Professionals to work with them to achieve target.

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Left From: Mr. Sadhan Chandra Das FCA, FCS, Mr. Md. Azizur Rahman FCS, Mr. Kanon Kumar Roy, Mr. Md. Mosharraf Hossain Bhuiyan, ndc, Mr. Mohammad Asad Ullah FCS, Prof. Dr. Feroz Iqbal Faruque FCS

Special Guests Mr. Kanon Kumar Roy Member (Tax Policy) also assured to look into the issue positively.

A large number of Professionals, Qualified Chartered Secretaries and Corporate leaders and Executives from the leading corporate houses of Bangladesh also attended the program.