Related Keywords: accessories, Bangaldesh Finance Minister AMA Muhith, BGMEA urge withdrawal of tax at source, cloth, fiscal year, gradual drop in export growth, including RMG, proposed tax at source on all products, RMG products, taxes are paid on yarn, washing and end products
Bangaldesh Finance Minister AMA Muhith had proposed 1.5 percent tax at source on all products, including RMG, for 2016-17 fiscal year, but later cut it to 0.7 percent following demand by businesses.
However, BGMEA has demanded that the readymade garments sector be kept out of the purview of tax at source for next two fiscals since the industry experienced a gradual drop in export growth in past few years.
