BAJUS for 10-yr tax holiday for gold refiners

Bangladesh Jewellers’ Association (BAJUS) has urged the National Board of Revenue (NBR) to provide a 10-year tax holiday for the country’s gold refinery industry.

BAJUS Standing Committee Chairman Anowar Hossain made the call while reading out the association's 15-point charter of demands as their proposals for the national budget of FY2024-25 at a press conference in Dhaka on Wednesday.

The association made these demands to promote the "Made in Bangladesh" gold bars in the global bullion market.

The industry leaders also urged the government to provide a 50 per cent cash incentive on condition of a minimum 20 per cent value addition on gold bars, ornaments and gold coins.

They also demanded an amendment of the gold policy to curb tourists’ capacity to legally bring gold bars from abroad and proposed a tax-free limit of gold import to 50 grams instead of the current 100 grams.

BAJUS General Secretary Badal Chandra Roy and Adviser Ruhul Amin Rasel also spoke at the event.