Muhith proposes to hike tax on garment exporters

Finance Minister AMA Muhith has proposed to raise corporate tax for the garment industry in the budget for fiscal 2018-19.

News Deskbdnews24.com
Published : 7 June 2018, 11:05 AM
Updated : 7 June 2018, 07:30 PM

The corporate tax for the non-listed garment companies was increased to 15 percent from the existing 12 percent. Listed companies will have to pay 12.5 percent from the present 12 percent. 

Green factory owners will have to pay 12 percent from the current 10 percent.

However, the finance minister has proposed duty exemptions on raw materials like flax fibre and flax tow imports for the fully export-oriented textile industry.