Govt cuts source tax on exports again; RMG exporters to get relief
Dhaka, Jan. 16 -- The government has once again slashed tax at source to 0.25 percent from the existing 0.60 percent for exporting goods to give some relief mainly to the RMG exporters following the recent hike in the wages of garment workers.
The Internal Resources Division has issued a statutory regulatory order (SRO) signed by its Senior Secretary and National Board of Revenue (NBR) Chairman Mosharraf Hossain Bhuiyan to this end. The new measure came into effect on January 1 last.
Following the issuance of the SRO under clause 44(4) of the Income Tax Ordinance 1985, the new rate will be applicable for all the export items, excluding jute goods.
From now on, exporters will have to pay Tk 0.25 instead of Tk 0.60 as tax at source for e...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.