no tax | YnFx - Part 12

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2015-05-27 16:00:00

Textile and clothing included in the zero rating proposal by Pak commerce ministry

The Pakistan commerce ministry has proposed zero-rating for major exportable products which includes textile and clothing in the next budget. The proposal of zero-rating would mean no tax, no refund.

2017-08-07 10:00:00

Cut in GST rates on textile jobs works from 18 pc to 5pc

The all-powerful GST Council, headed by Finance Minister Arun Jaitley and comprising representatives of all states in its meeting held on Saturday, decided to tax all job works from stitching,

2017-06-05 10:00:00

Textile industry buckled up to face the brunt of GST

The Goods and Services Tax seems all set for its July 1 rollout, with finance minister Arun Jaitley confident of keeping this launch date despite doubts by the lone dissenter, West Bengal's chief

2016-06-09 17:00:00

Pak textile industry likely to lose markets despite zero-rated regime

The Pakistan textile industry likely to lose markets internationally despite government declaring zero rated tax regime, because of various taxes, levies, presumptive taxes, surcharges and cess,

2016-03-18 17:00:00

Punjab reduces VAT to 3.63pc on cotton yarn and cloth

Local yarn industry was not able to compete with outside industries as there tax structure on yarn is in the range of 0-2 percent very low compared to the tax structure of Punjab. With the Punjab

2015-05-11 14:00:00

Prgmea urge to include value added textile industry in zero rated regime

The Pakistan Readymade Garments Manufacturers and Exporters Association (Prgmea) in order to attract new investment, revive economic growth and get rid of liquidity crunch has urged for zero rating

2024-10-16 15:24:39

Bestseller to invest in sustainable materials by 2025

Danish fashion retailer Bestseller has announced plans to significantly increase its investment in sustainable raw materials, such as organic cotton and recycled polyester, by 50% by 2025. This move

2023-08-14 17:23:17

BTMA urges removal of VAT to boost textile recycling

The Bangladesh Textile Mills Association (BTMA) recently asked the National Board of Revenue (NBR) to remove the value-added tax (VAT) on buying textile waste for recycling and on selling recycled

2023-01-10 17:03:59

Origin Materials' secures $1.5 billion in funding

The Louisiana State Bond has authorized the issue of tax-exempt bonds worth up to $1.5 billion for the funding of Origin 2, Origin Materials' first industrial-scale production plant that would

2022-09-08 14:09:24

Euratex urges a unified approach to tackle energy crisis

A unified European approach to address the energy problem has been demanded by the European textile and apparel industry, as represented by EURATEX. In order to protect the industry's future, the

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