FICCI shared its official reaction to the National Budget 2025–26 at a press meet held at its office on Tuesday (4 June, 2025). FICCI President Mr. Zaved Akhtar addressed the media, while FICCI Advisers and former Presidents Ms. Rupali Chowdhury and Mr. Naser Ezaz Bijoy also shared their insights on the Finance Ordinance 2025.
The Chamber commends the Government’s commitment to equitable growth and fiscal consolidation—with a 6.5% GDP growth target and a projected drop in inflation to 8%—it has raised key concerns regarding the impact of new tax measures.
Key Highlights from the Statement:
🔸 Higher Tax Burdens on Compliant Individuals
Salaried earners in mid-income brackets may face a 50%–60% increase in tax, reducing disposable income and affecting quality of life.
🔸 Minimum Tax Hike
Raising the minimum tax to 1%—even for loss-making companies and SMEs—could strain struggling businesses and individuals.
🔸 Capital Market Concerns
The 27.5% tax on listed companies with less than 10% public shareholding, and the removal of incentives for cashless transactions, may hurt market depth and digital adoption.
🔸 Digital Commerce Setback
A steep VAT increase from 5% to 15% on online sales could stall growth in Bangladesh’s promising e-commerce sector.
On a positive note, FICCI welcomes the push for automation, modernized tax administration, and efforts to separate policy from collection—steps essential for long-term reform.
However, FICCI urges policymakers to reconsider revenue measures that penalize compliance and discourage investment. A stable, predictable tax environment and a simplified VAT system are critical for economic resilience.
The chamber will remain committed to working with the Government to support reforms, attract FDI, and advance Bangladesh’s journey toward a sustainable and inclusive future.
