Sign in | Join free

Bnbr plans to elevate the tax rate of garment department

Bnbr plans to elevate the tax rate of garment department Source:
Date: 27-06-2012
Visits: 274
Very Poor

Bangladesh National Board of Revenue suggests to elevate the tax rate of garment department to the same level of other industries.

In 2011, Bangladesh export value of apparel reached 18bln USD, accounting for 75% of the whole export value. However, apparel industry contributed lower than other industries to national treasury owing to moderate tax rate.

In 1980s, the Gov gave the apparel industry the tax exemption to promote the development, which last for 20 years. Till 2004-05, the Gov took a low tax rate of 0.25 for export income. Then, in 2010-11, the tax rate climbed up to 0.4%. In 2012, it rose to 0.6%.

Now, the Gov is planning to accelerate to 1.2% in the fiscal year of 2012-13 (from July 1, 2012).

Bangladesh has more than 5000 garment producing enterprises and over 3.5mln employees.
like 234 Unlike 26
Users Comments
No comments to display
Are you sure you want to delete this comment.
Add your comment
User Name:
Email: Will not be published
Rate This article:
Maximum 3500 characters
Your name
Your email address
Your friend email address
  • /images/ourservices/125-600/pricetrend.jpg
  • /images/ourservices/125-600/product.jpg
  • /images/ourservices/125-600/videos.jpg
Suntex Asia Limited
32367 Users
have already joined Shouldn't you?
Full registration will provide you access to all our free services. It takes only one minute and it is free Go here
Quick registration (it's free)
Accesss to some of our free services
Select membership
Full Name
User Name
Enter the code
(Note: If you can't read the letters, reload the page to generate a new one.)
terms and conditions
Members Login
Already registered
Forgot your password
golden fees
Enter your e-mail address
Choose your room