The garment manufacturers have demanded that the tax at source applicable against garment exports be reduced from 1 percent to 0.5 percent as before. Bangladesh
Tax at source for the country’s apparel sector, the $34 billion industry, increased to 0.5% from 0.25% for the fiscal year 2020-21. Currently, the sector
To remain competitive in the global export markets, Bangladeshi apparel makers demanded 0.25% tax at source in the upcoming budget for the next five years.
According to the National Board of Revenue (NBR), the reduced tax at source for the export-oriented RMG industries has become effective from January 3 this