Economic Reporter :
Hailing the proposed national budget of Taka 4,64,573 crore for FY19, the Exporters Association of Bangladesh (EAB) has demanded the government reduce the proposed corporate tax for the RMG industries by 5 percent to fix it at 10 percent.
The EAB also demanded the government cut the tax at source at 0.25 percent from the existing 0.70 percent and keep it for at least five years.
A post-budget statement of EAB, signed by its president Abdus Salam Murshedy, today said the corporate tax rate for the RMG industries has been raised by 3 percent to 15 percent from the existing 12 percent in the proposed budget, while the corporate tax rate for the banks has been reduced.
“We think that the entrepreneurs of the RMG industries will be discouraged due to the increase in the corporate tax rate for the RMGs. We request the government to reconsider fixing the corporate tax rate at 10 percent for the RMG industries. It is necessary to reduce the corporate tax rate for the environment-friendly RMG industries by at least 5 percent,” added the statement.
Hailing the proposed national budget of Taka 4,64,573 crore for FY19, the Exporters Association of Bangladesh (EAB) has demanded the government reduce the proposed corporate tax for the RMG industries by 5 percent to fix it at 10 percent.
The EAB also demanded the government cut the tax at source at 0.25 percent from the existing 0.70 percent and keep it for at least five years.
A post-budget statement of EAB, signed by its president Abdus Salam Murshedy, today said the corporate tax rate for the RMG industries has been raised by 3 percent to 15 percent from the existing 12 percent in the proposed budget, while the corporate tax rate for the banks has been reduced.
“We think that the entrepreneurs of the RMG industries will be discouraged due to the increase in the corporate tax rate for the RMGs. We request the government to reconsider fixing the corporate tax rate at 10 percent for the RMG industries. It is necessary to reduce the corporate tax rate for the environment-friendly RMG industries by at least 5 percent,” added the statement.
