Breaking News
June 10, 2018 - PM for partnership with G7 nations on blue economy
June 10, 2018 - PM urges G7 leaders to take definite actions on Rohingya issue
June 10, 2018 - PM joins G7 Outreach Meeting
June 10, 2018 - BGMEA urges govt to review corporate tax, VAT
June 10, 2018 - Mild heat wave sweeping over country’s southern parts
June 10, 2018 - Vigilance teams working for smooth Eid journey: Quader
June 10, 2018 - Each person consumes 62.58gm fish compared to 60 gm in policy
June 8, 2018 - Duty imposed on polythene to promote use of jute bags
June 8, 2018 - Muhith unveils Tk 4,64,573cr budget for FY19 setting 7.8pc growth target
June 5, 2018 - Bangladesh’s democracy, economy now strong: PM
June 5, 2018 - Muhith to place budget at Jatiya Sangsad Thursday
June 5, 2018 - President, PM for proper management of plastic waste
May 24, 2018 - Advance rail tickets from June 1: Muzibul Hoque
May 24, 2018 - Widow allowance to be introduced in Dhaka soon: Menon
May 24, 2018 - Yeafesh for utilizing opportunities in scientific researches
May 21, 2018 - Amu asks BSTI to strengthen anti-adulteration drive in Ramadan
May 21, 2018 - Govt to build 1.28 crore skilled workforce by 2030
May 21, 2018 - ACC plans sudden drive to check bribery during Ramadan
May 19, 2018 - Mobile phone sets worth Tk 2.9 crore seized
May 19, 2018 - President to host iftar for ulema, FFs, orphans tomorrow
May 19, 2018 - Investigation on journalist incidents underway: Kamal
May 17, 2018 - Country’s people to reject BNP in next general election: Quader
May 17, 2018 - Ridiculing physically challenged violates law: Info Ministry
May 17, 2018 - Ant-liberation forces in public jobs to be identified: Shajahan Khan
May 16, 2018 - Imran Ahmed FCA, Chief Operating Officer of NRB Bank Limited and Kelly Lewis, General Manager of Amari Dhaka, exchanging an agreement signing documents at the hotel in the city recently. Under the deal, Credit Cardholders of the bank will be privileged with Buy 1 Get 1 Free iftar dinner buffet during Ramzan whereas Credit Cardholders will enjoy 2 Iftar Dinner buffet at the cost of one. Senior officials from both the organizations were also present.
May 16, 2018 - Md Enamul Kabir Khan, Chairman of Khan Brothers Equi-Build Ltd, a sister concern of Khan Brothers Group and Roger S Che, Director (Asia Region) of SIGMA Elevator Distributorship sign a MoU at a city hotel recently. State Minister for Labour & Manpower Employment Md Mujibul Haque Chunnu was present there as the chief guest, while Shamim Osman MP was present as the special guest.
May 16, 2018 - Md. Zakiullah Shahid, Chairman of Prime Insurance Company Limited, poses with the participants of a scholarship cheques handing ceremony who got GPA-5 (Golden) in their respective PSC/JSC/SSC/HSC/Dakhil/Alim/’O’ Level/’A’ level exams held in the year 2016 and 2017 held of the company head office in the city on Monday. Mohammodi Khanam, CEO of the company among others were present.
May 16, 2018 - Verdict of 2004 grenade attack soon: PM hopes
May 16, 2018 - PM slates Israel’s use of force in Palestine
May 16, 2018 - BNP spreading falsehood over KCC Polls: Nanak
BGMEA urges govt to review corporate tax, VAT

BGMEA urges govt to review corporate tax, VAT

DHAKA: Bangladesh Garment Manufacturers and Exporters Association (BGMEA) yesterday requested the government to reconsider the proposed corporate tax, source tax and VAT in the budget so the apparel sector could cope with the existing adverse situation.

In a post budget reaction, BGMEA President Siddiqur Rahman said corporate tax rate has been increased to 15 percent from 12 percent while it has been proposed 12 percent for green industry from the 10 percent although BGMEA requested to fix it at 10 percent lowering from 12 percent for all.

“We think the increased corporate tax rate would discourage the entrepreneurs of the apparel sector,” he said.

Siddiqur urged the government to reconsider the corporate tax rate by fixing it 10 percent to continue the growth of the sector.

In the press conference at BGMEA office, he said BGMEA made the demand for withdrawing full source tax on export for next three years considering the existing crisis for the readymade garment.

“As there is no specific directive on source tax in the proposed budget, 1 percent tax would be imposed automatically at source on export,” said the BGMEA President.

The BGMEA leader urged the government to address the source tax as they pursue to decrease it every year after budget proposal through discussion.

He, however, hoped these issues would be solved through discussion with the high ups of the government.

Siddiqur said BGMEA had made a proposal to the government to give the apparel sector exemption from return submission along with VAT for export oriented products and services collected locally.

But, the issue would not be addressed in the proposed budget, he added.

The BGMEA President said the country has attained primary qualification for becoming a developing nation and has to face challenges in international market when it will become the developing nation finally in 2027. “To face the challenges, we have to minimize business cost and it would be possible only with the policy support, but we did not get any reflection for it in the budget,” he observed.

He also requested the government to treat the apparel industry as an employment generating sector, not as a source of tax.

BGMEA Vice President S M Mannan Kochi and other office bearers were present.

About author

Leave a reply

You must be logged in to post a comment.

AWARD

Reflection Team

বাংলা

স্যান্ডউইচের দামে দেহ বিক্রি করছেন গ্রিক নারীরা!

স্যান্ডউইচের দামে দেহ বিক্রি করছেন গ্রিক নারীরা!

ভেঙে পড়ছে গ্রিসের অর্থনীতি। দুই মেয়াদে ক্ষমতায় এসেও সিপ্রাস সরকার চিত্রটা পাল্টাতে পারেনি। দিন দিন বাড়ছে বেকারত্ব। গোটা দেশটার আর্থ-সামাজিক…

Recent Video

Photo Gallery

Folder not found
wp-content/uploads/2012/02/