The Institute of Chartered Secretaries of Bangladesh (ICSB) recently organised a Continuing Professional Development (CPD) programme to familiarise its members with the latest changes introduced by the Finance Act 2026. The virtual event, held via Zoom, focused on updates in taxation, VAT, customs, and corporate compliance.
Key Amendments Discussed
Sorwar Alam FCS, Head of Accounts and Taxation at ismartu Technology BD Limited, presented the keynote paper. He outlined significant amendments including changes to income tax, VAT, tax compliance, fiscal incentives, and other regulatory provisions. The practical implications of these changes for businesses and professionals were highlighted.
Importance of CPD Stressed
ICSB President Hossain Sadat FCS emphasised the importance of continuing professional development in the rapidly evolving taxation and regulatory environment. He urged professionals to stay updated on legislative and fiscal changes to ensure effective compliance and informed decision-making.
Expert Insights
Khandker Abu Jafar Sadique FCS, Company Secretary of Berger Paints Bangladesh Limited, discussed the benefits of promoting cashless transactions to avail tax rebates. Md. Shahedul Amin FCS, Assistant General Manager (Accounts, VAT and Tax) of T. K. Group of Industries, highlighted important VAT and customs amendments. Md. Shafiqul Alam FCS, Chairman of the ICSB Taxation and Fiscal Laws Sub-Committee, reviewed changes to personal income tax and tax rebates.
Concluding Remarks
In his concluding remarks, Mohammad Sanaullah, ICSB Past President and Professional Development Committee Chairman, discussed various issues including corporate taxation, mandatory dividends, Business Identification Number (BIN), tobacco taxation, investment rebates, and the emphasis on banking channel-based payments. He noted that the Finance Act 2026 aims to accelerate economic growth, simplify the tax system, promote digital tax payments, encourage investment and innovation, and strengthen tax compliance.
