The Association of Mobile Telecom Operators of Bangladesh (AMTOB), a platform representing all telecom operators in the country, presented 16 proposals including a reduction of the corporate tax rate on mobile phone operating companies in the  next budget. "We propose to remove or reduce the minimum tax. Mobile operators are required to pay a minimum tax of 2% of their annual gross revenue which is in conflict with the Income Tax Act. Paying minimum tax despite loss in business means paying tax out of capital which is a barrier to business expansion," AMTOB Secretary General Brig Gen (retd) SM Farhad said during the pre-budget discussion meeting with the National Board of Revenue (NBR) on Sunday. AMTOB also proposed to withdraw the minimum turnover tax and abolish the tax of Tk200 imposed on SIM cards. "There is no alternative to removing or reducing the minimum tax in favour of sustaining the industry and building the Digital Bangladesh, as announced by the government," he added. "The high rate of corporate tax should be reduced. The general corporate tax rate in the country is 27.5% for unlisted companie and 20% to 22.5% for listed companies. However, despite being an essential service, Bangladesh's mobile sector has to pay a high rate of corporate tax. The tax rate is 40% for listed mobile operators and 45% for unlisted companies," he added. "In terms of taxation, instead of classifying mobile operators as a separate category, we demand that they be reorganised in line with other companies and that the tax be reduced at that rate," he further said. The AMTOB Secretary General also said that the mobile phone  sector is one of the sectors that provide the most revenue to the government in Bangladesh. "We need to remember that the top three operators in the mobile sector are all foreign investors and their contribution to the socioeconomic development of the country is immense,” he said.  He said that from the main source of people's telecommunication and internet access to banking, mobile money, ride sharing, e-commerce, education, or e-courier, all sectors are directly or indirectly dependent on mobile.  “As the growth of mobile service providers increases, customers will get better quality services and the government will get more revenue," he added. "Even then it is seen that the government is imposing new taxes every year in this sector. If the growth of the mobile sector is not encouraged by rationally considering the taxation system of the mobile sector, it will have an impact on all other sectors," SM Fahad added. Besides, there is no clear guideline for VAT removal for Govt. regulatory organisations as per new VAT & SD ACT 2012. Government agencies and regulators are not following VAT- control proportionately.  “For this reason, operators are ultimately suffering. There needs a clear guideline for solving this problem,” he said.  He said that there is no separate  HS coding system for telecom machinery, equipment and software , and the organisations have to import under different HS code. “HS coding systems are currently hampering telecom operators' antenna designing and customisation solutions. This complicates unreasonable tax assessments and VAT rebates,” he added. 

The International Day for Disaster Reduction will be observed across the country tomorrow (Thursday), with this year's theme set as ‘Early Warning and Early Action for All’. State Minister for Disaster Management and Relief Dr Md Enamur Rahman disclosed this at a press conference at the secretariat in the capital on Wednesday. Prime Minister Sheikh Hasina will virtually address a function organised to mark the day at Osmani Memorial Auditorium as chief guest.  With the aim to increase awareness among people and the authorities concerned about reduction of risk of disaster, the International Day for Disaster Reduction has been observed across the world as well as Bangladesh on October 13 since 1989, the junior minister said. Read: Super cyclone ‘Sitrang’ unlikely to hit Bangladesh coast: State Minister He informed that the government built 94,338 disaster-tolerant houses and construction of a further 44,909 such houses are underway as part of infrastructural development in disaster-risk management scheme. President Abdul Hamid and Prime Minister Sheikh Hasina gave separate statements marking the day on Wednesday. The president said Bangladesh is now considered a capable country in disaster reduction by the world at large, due to measures taken by the government. He wished for the success of all the programmes taken marking the day. Sheikh Hasina said the loss of lives and properties from natural disasters in Bangladesh came down to single digits due to several effective measures taken by her government. Besides, Bangladesh is now a role model to the world in disaster management, the premier said.