Related Keywords: Bangladesh Garment Manufacturers and Exporters Association, Bangladeshi taka, corporate tax in Bangladesh, Garment Exporters, garment imports in Europe, garment makers in Bangladesh, garment sector of Bangladesh, garments exports from Bangadesh to Europe, tax for textile industry, textile sector
In order to help exporters upgrade factories and boost investments, government of Bangladesh is set to revive the option of reduced corporate tax rate for the garment sector.
From fiscal year 2005-06 till 2013-14, the sector paid corporate tax at a reduced rate of 10 percent.
However, this provision was expired on 1st July, 2014 and the government did not extend it again, meaning the sector paid tax at the 35 percent rate in fiscal 2014-15.
