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Search Results for: no tax

Italy to announce a €20mn plan to boost textiles, fashion exports to US
Italy’s Vice minister of economic development, Carlo Calenda, to detail the Ministry of Economic Development's year-long plans to boost Italian exports to the US which will involve "trade
PYMA rejects budgetary increase in sales tax on yarn and cloth
Textile sector is considered back bone of Pakistan economy contributing more than 50 percent of foreign exchange for the country and providing 40 percent employment is already heavily burdened and
Bangladesh garment makers resent budget proposal to hike tax at source
The Bangladesh Finance Minister AMA Muhith presented the national budget before parliament on 4 June for the fiscal year 2015-16. Its size - in terms of aggregate government expenditure - reflects
Vietnam plans to raise import tax on PSF from zero to 2pc
The Vietnam domestic fibre manufacturers have been facing harsh competition from imported fibre. The Ministry of Industry with the aim to rescue and encourage domestic production has plans to
Bangladesh exporters yearn for cut in tax at source on export earnings and cash incentives
Bangladesh exporters yearn for tax at source on export earnings and tax on cash incentives to be waived or cut down in the budget for fiscal year 2015-16 to make it uniform for all exporters, as it
Dutch company organizing textile production with latest technology in Uzbekistan
Uzbekistan is the sixth-largest producer and third-largest exporter of cotton fiber in the world, with a production of 1.2 million metric tons of cotton fiber per year to get a large textile factory
Increase in import of branded shirts in pieces into Kerala to evade tax
Recently, the Vigilance and Anti-Corruption Bureau (VACB) probed why readymade shirts were shipped into Kerala in parts. There is a 10 percent duty on imported readymade wear, but no tax on cloth.
Indonesia to make tax breaks applicable for labour intensive industries
Indonesian government is planning to apply existing tax allowances to labour-intensive industries that includes garment industry in an effort to reach its 2-million-a-year job-creation target.
Indian economy surges as other big developing market stumble
Multinational companies are looking to expand their Indian operations or start new ones as the stock market and rupee are surging. The growth in India's economy, long a laggard, just matched China's
Japan prefers Sri Lanka and India to Pakistan for textile imports due to low ratio of taxes
Japan ambassador to Pakistan Hiroshi Inomata during his visit on Monday to the Rawalpindi Chamber of Commerce and Industry (RCCI) said Japan is the world largest importer of textile but due to high
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