MCCI urges Bangladesh govt to extend trade licence duration by 5 yrs

The demand came at a discussion on ‘Issuance or renewal of licences for five years’ organised by the MCCI in Dhaka.

Terming the proposal quite logical, chief guest Sheikh Fazle Noor Taposh, mayor of the Dhaka South City Corporation (DSCC),  said DSCC is ready to issue multiple-year trade licences as long as other relevant regulatory bodies permit.

"We can extend it to five years but the National Board of Revenue needs to agree as well as it plays a crucial role in collecting value added tax and advance income tax on the licences each year," Taposh was quoted as saying by Bangla media reports.

Fibre2Fashion News Desk (DS)