BANGLADESH GARMENT MAKERS URGE TAX BREAK AHEAD OF NEXT MONTH NATIONAL BUDGET
May 22nd, 2015
BANGLADESH garment manufacturers are pushing for a tax break – urging the government to collect a levy only from just 10% of their export profits – instead from their overall profits, as at present. The Bangladesh National Board of Revenue (NBR) collects 0.3% tax at source from a garment making factory based on their overall profit: “But we want the government to charge that tax only from a 10 percent of export profit,” Bangladesh Garment Manufacturers and Exporters Association (BGMEA) vice president Shahidullah Azim told just-style. The association’s ...
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