Dhaka, Bangladesh (BBN)– Bangladesh’s exporters have urged the government to re-fix the proposed corporate tax for the RMG industries at 10 per cent instead of 15 per cent.
The Exporters Association of Bangladesh (EAB) also demanded the government cut the tax at source at 0.25 per cent from the existing 0.70 per cent and keep it for at least five years.
The corporate tax rate for the RMG industries has been raised by 3.0 per cent to 15 per cent from the existing 12 per cent in the proposed budget, while the corporate tax rate for the banks has been reduced, the EAB said in a statement on Sunday.
“We request the government to reconsider fixing the corporate tax rate at 10 per cent for the RMG industries,” it added.
The statement also said it is necessary to reduce the corporate tax rate for the environment-friendly RMG industries by at least 5 per cent.
The EAB also extended its heartfelt thanks and gratitude to Prime Minister Sheikh Hasina and Finance Minister Abul Maal Abdul Muhith for prioritizing on power and energy sector, development of overall transport infrastructures, education, building skilled human resources and making notable allocations for the mega projects.