Dhaka, May 14 -- The Small and Medium Enterprise (SME) Foundation on Tuesday called for exempting annual turnover of up to Tk 10 million from Value Added Tax (VAT), aiming to ease the financial burden on small businesses and foster industrial growth.

The demand was made at a view-exchange meeting on 'SME-Friendly Budget Proposals 2025-26', jointly organised by the SME Foundation and the Economic Reporters' Forum (ERF) at the ERF auditorium in Dhaka.

Presenting the proposals, SME Foundation General Manager Mohammad Jahangir Hossain emphasised the need for preferential tax regimes and the development of industrial clusters to promote small and medium enterprises across the country.

The Foundation suggested a fixed tax structure based on ...