It is good to note that the E-commerce sector hits a new milestone by creating employment opportunities for thousands of unemployed people amid the ongoing corona crisis.
Consumers today want more choices at their fingertips and everything faster at their doorsteps. People now order their favourite products online from home as large gathering in shopping malls or restaurants poses serious health risks. There is no denying that economically marginalised and lower-middle-income families are still market-oriented, but the middle class or upper-middle class people now prefer shopping online.
Amid hundreds of thousands of online shopping platforms identifying the safe ones has become increasingly difficult. Unethical business practices in online shopping platforms have become rampant these days. Therefore, we need to integrate a regulatory body to prevent consumers from being cheated and given low quality or date-expired products.
We need to integrate a regulatory body to
prevent consumers from being cheated and
given low quality or date-expired products.
Online business or e-commerce has expanded in Bangladesh at a tremendous rate. Moreover, a large young population, and high rate of internet penetration have made Bangladesh a potential market for global e-commerce giants in recent years.
In view of this, it can be said that e-commerce sector can be one of the largest tax-collecting areas. But unfortunately, authorities concerned have not been able to establish any infrastructure system to collect revenue from online business sector. Hence, it is high time to build a highly skilled ICT wing in order to collect revenues from the ICT firms or services.
As the revenue authority has no infrastructure in place to collect revenue from this area, they must build necessary infrastructure to collect revenues from e-commerce sector. In this regard, the revenue board will need a highly skilled ICT wing aiming to collect revenues from the ICT firms or services. Also the government should formulate and implement new taxation law for e-commerce which will more clearly define the parameters of the e-commerce industry.
