Seminar Calls for Removal of Discriminatory Tax Structure in Bangladesh

A seminar in Dhaka discussed challenges and opportunities in Bangladesh's public procurement sector, highlighting the need to remove discriminatory tax structures for local companies. The government aims to transition the entire procurement system to an electronic government procurement (e-GP) system to enhance transparency.

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Bijay Laxmi
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Seminar Calls for Removal of Discriminatory Tax Structure in Bangladesh

Seminar Calls for Removal of Discriminatory Tax Structure in Bangladesh

A seminar titled "Public Procurement Act-Challenges and Opportunities" was held in Dhaka on Sunday, organized by the International Business Forum of Bangladesh. The event highlighted the need to remove discriminatory tax structures for local companies to ensure a opportunities, public procurement process.

Why this matters: The removal of discriminatory tax structures is crucial for promoting fair competition and transparency in Bangladesh's public procurement sector, which can have a significant impact on the country's economic development. By ensuring a level playing field, the government can encourage local businesses to participate in the procurement process, leading to increased economic growth and job creation.

State Minister for Planning Md Shahiduzzaman Sarker spoke at the seminar, emphasizing the transformative impact of electronic government procurement (e-GP) on the procurement process. "e-GP has changed the procurement process 180 degrees," he stated. Sarker also stressed the importance of high moral standards, saying, "The country requires people of high morals to ensure transparency and accountability."

The current government of Bangladesh has introduced e-GP to enhance transparency at the primary level of public procurement. Mohammed Shoheler Rahman Chowdhury, Chief Executive Officer of the Bangladesh Public Procurement Authority (BPPA), expressed the authority's goal, stating, "We want to transition the country's entire procurement system into the e-GP system."

During the seminar, stakeholders raised recommendations, complaints, and demands related to the public procurement process. In response, the State Minister for Planning pledged to extend full support in addressing these issues.

The seminar's call for removing discriminatory tax structures for local companies underscores the importance of creating a fair and competitive environment in Bangladesh's public procurement sector. As the government continues to digitize the procurement process through e-GP, ensuring equal opportunities for all participants remains a crucial goal in promoting transparency and accountability.

Key Takeaways

  • Remove discriminatory tax structures to ensure fair competition in public procurement.
  • e-GP has transformed Bangladesh's procurement process, enhancing transparency.
  • High moral standards are crucial for transparency and accountability.
  • Bangladesh aims to transition entire procurement system to e-GP.
  • Gov't pledges support to address issues in public procurement process.