The Venture Capital and Private Equity Association of Bangladesh has urged the government to treat investment in venture capital funds as an allowable investment for tax rebate.
In a post-budget reaction statement signed by VCPEAB president Shawkat Hossain, the association expressed concerns over increase in VAT on e-commerce commissions from 5 per cent to 15 per cent. This hike could lead to higher operational costs for e-commerce platforms, resulting in increased prices for consumers and potentially harming the competitiveness of small and medium-sized enterprises in this sector, it said.
Shawkat Hossain stated, ‘We appreciate the government’s support for women entrepreneurs and urge the government to treat investment in venture capital funds as an allowable investment for tax rebate.’
