A delegation from the Foreign Investors’ Chamber of Commerce and Industry (FICCI) attended the “Meet the Business” event organised by the National Board of Revenue (NBR) on 8 October at the NBR headquarters in Dhaka’s Agargaon.
The meeting was presided over by NBR Chairman Md Abdur Rahman Khan, who engaged with representatives from around 100 FICCI member companies to discuss key tax and revenue-related issues affecting foreign investors. The dialogue focused on promoting a more investment-friendly fiscal environment in Bangladesh.
Chairman Mr. Abdur Rahman urged businesses not to tolerate any misconduct by field-level officials and encouraged the use of NBR’s digital Grievance Mechanism to submit complaints for prompt action.
Md Mahbub ur Rahman, FICCI Board Director and CEO of HSBC Bangladesh, highlighted three key challenges faced by foreign investors: outward payments, double taxation agreements, and compliance on corporate and VAT matters, and called for clearer guidance on these issues.
FICCI representatives also raised concerns regarding customs valuation practices, VAT rebate conditions, and the need for a level playing field among similar businesses. In response, the NBR Chairman assured that necessary steps would be taken to ensure access to global transaction value data, addressing valuation irregularities and strengthening compliance standards.
