According to the sources, about 60 percent of the corn is used in the production of poultry industry. Domestic corn is meeting the needs of 45 percent of the industry. The remaining 55 percent is imported.
Asked, Bangladesh Poultry Industries Central Council (BPICC) President Mashiur Rahman told Jugantar that the tax exemption facility was withdrawn from the fiscal year 2015-16. In 2016-17, tax increase and HS code were created. Despite the assurance, no benefit was given in the current fiscal year. In the overall condition, this industry is like the path of death. Soybean Mills added unbridled price increase. As a result, the sector and the eggs, poultry meat, one-day-old child, and the feed, which are increasing towards self-reliance, fear that they will be imported again.
It is learned that the imported raw material from the three organizations of FTB, BAB and BPICC on behalf of BPICC will be made upto 5 percent of the advance income tax (AIT), 10 percent tax on soybean, 15 percent VAT on DDGS and VAT on the turnover of 5 percent Tax withdrawal is proposed. The proposal was made to the Ministry of Finance and National Board of Revenue (NBR). Besides, the tax exemption facility was recommended till 2025. But lastly VAT was withdrawn from DDGS, but 55-60 percent of the corn imported and 20-25 percent of soybean and advance tax was not withdrawn. Overall, due to imposition of taxes and duty imports, feed production costs are rising by 5 to 6 rupees.
According to the source, in the year 2021 needs about 98 million children a year to meet the needs of the country. Besides, there will be about 1,469 million eggs and 12 million tonnes of poultry and 55-60 million tonnes of feed production. It's more than twice the present. An entrepreneur of this industry said that the prices of these products are within the reach of the consumer. As a result, tax and taxes should be withdrawn till 2025. In this context, President of Brothers Association of Bangladesh Abu Luthf Fazle Rahim Khan told Shahriar Jugantar that the negative effects of tax and tariff increase have been the biggest among the feed industry. The cost of production of this sector, one-day-old children, egg and chicken meat increased.
Industrialists say that the main obstacle in government policy (fiscal policy) is to move the poultry industry. Suddenly, if the decision is changed, only poultry why no industry can survive for a long time. So it is advisable to have at least 20-40 years of planning in these cases.
It is known that imported finned feed in Bangladesh was dependent several years ago. Besides, one-day-old children, hatching eggs, food eggs, chicken meat were all imported. But now hundreds of them are being produced in the country.
In this context, the world's Poultry Science Association President of Bangladesh Shamsul Arefin Khaled Anjan said, ensuring the use of quality equipment is one of the prerequisites for importing quality poultry feed. But the soybean mill that is being produced indigenously, it is a lot of international standard.
Meanwhile, importers of raw materials have supplied them in feed mills. But they are under pressure due to excess income tax and corporate taxes. According to the calculation, one of the raw materials
If the price is 30 rupees, its maximum profit can not exceed 5 percent. That is, the maximum profit is 1 decimal 50. The income tax should be as high as Rs. But in reality the tax is being paid 4
50 rupees (the income tax rate is 30 percent), which is about 3 times. On top of this, the corporate tax imposed at 5 percent rate is further.
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