Related Keywords: AMA Muhith, Bangladesh Finance Minister, cut corporate tax to fifteen percent from twenty percent, demand for withdrawal of tax at source, next five years, overcome ongoing critical situation, proposed budget for FY, rate of tax at resource, RMG sector, to increase export incentive to five percent
Bangladesh Finance Minister AMA Muhith in the proposed budget for FY2018 has proposed to cut corporate tax to 15 percent from 20 percent for the RMG sector, but the minister did not mention the rate of tax at resource in his budget speech.
Apparel makers reiterate their demand for withdrawal of tax at source for the next two years to overcome the ongoing critical situation. The industry people also urged the government to increase the export incentive to 5 percent instead of existing 3 percent for the next five years.
