BIDA and BUILD jointly organised a pre-budget round table on 20 May 2025 at the BEZA conference room, bringing government officials, private sector representatives, and key stakeholders together to discuss pressing tax issues ahead of the upcoming financial year 2025–26 national budget. A major concern echoed throughout the discussion was the minimum tax policy—particularly its impact on struggling or low-margin businesses.
The meeting opined that if a business is making a loss, it is still liable to pay tax on its yearly turnover, as outlined in Section 163 of the Income Tax Act 2023. In most cases, tax is paid from working capital, which is hampering existing and potential investment, though a tax holiday policy is in place by law. The discussants described this provision as a draconian measure that needs to be abolished to enhance the income tax base.
The meeting was presided over by Shah Mohammad Mahboob, Executive Member, BIDA, and Ferdaus Ara Begum, Chief Executive Officer, BUILD, with participation from representatives of local and foreign industries, particularly members of the Beverage Manufacturing Association.
Attached is the press release in English, along with two photos. For any further inquiries, please do not hesitate to contact us.
