News update
  • Youth participation vital to BD’s democratic future: C’wealth Group     |     
  • Stocks retreat on week’s first trading day as turnover drops     |     
  • Free education for girls up to honours if BNP wins: Zubaida Rahman     |     
  • Dhaka ranks second worst in world for air pollution     |     
  • Bangladesh stocks end week higher on upbeat mood     |     
  1. Home
  2. Budget
  3. BGMEA wants continuation of 0.5 per cent source tax

BGMEA wants continuation of 0.5 per cent source tax

Budget 2021-06-05, 9:27pm




Dhaka, June 5 : Bangladesh Garment Manufacturers and Exporters Association (BGMEA) on Saturday demanded that the government continue the existing 0.5 per cent source tax for the next five years in the new budget.
“We demand the continuation of the existing rate of 0.5 per cent source tax as it is suitable for long-term business planning,”  said BGMEA President Faruque Hassan.
The budget for 2021-22 fiscal did not include the proposals made to the authorities for the benefit of the RMG sector, he said at press conference at its headquarters in Uttara.
The BGMEA president welcomed the proposal to reduce import duty on some machine parts and chemicals used in the garment sector, reports UNB.