DHAKA, Jan 3, 2018 (BSS) – The tax at source in the export-oriented RMG sector has been reduced at 0.25 percent from the existing 0.6 percent in a bid to enhancing the competitive edge of the RMG sector.
The National Board of Revenue (NBR) has issued a Statutory Regulatory Order (SRO) today in this regard being effective from January 1 this year.
With the latest reduction, the tax at source for exports in the RMG sector has been reduced for the 2nd time in the current fiscal year.
Earlier on September 5 this year, the tax at source for exports in the RMG has been reduced at 0.6 Percent from 1.0 percent.
Talking to BSS, NBR Chairman M Mosharraf Hossain Bhuiyan said that the RMG factory owners have demanded of the government to give tax exemption facility to this sector in view of implementation of new wage structure for the RMG workers.
“So, the tax at source has been reduced considering the new wage structure of the workers. Through this, we believe that the competitive edge of the RMG sector will be further enhanced,” added the NBR chairman.