• Wednesday, Sep 30, 2020
  • Last Update : 01:32 am

Budget FY19: RMG tax up to 15% from 12%

  • Published at 01:30 pm June 7th, 2018
  • Last updated at 01:31 pm June 7th, 2018
rmg-worker-rmg.jpg
File photo of a ready-made garments factory in Dhaka, BangladeshMehedi Hasan/Dhaka Tribune

Apparel makers which have certified green factories or are publicly traded will enjoy special benefits

Apparel manufacturers will have to pay higher corporate tax as the government has proposed a raise from 12% to 15% for the fiscal year 2018-19.

However, apparel makers with a certified green factory will enjoy 3% rebate and pay 12%, while publicly-traded RMG manufacturers will have to pay 12.5%

Finance Minister AMA Muhith made the proposal while presenting the budget at the parliament on Thursday. 

The ready-made garments (RMG) industry plays an important role in generating employment and fostering economic growth. Taking into consideration that fact, the RMG sector has been given special tax incentives, said Muhith. 

Currently, there are 67 certified green RMG factories in Bangladesh and a total of 50 apparel companies are listed with the Dhaka and Chittagong stock exchanges. 

51
51
blogger sharing button blogger
buffer sharing button buffer
diaspora sharing button diaspora
digg sharing button digg
douban sharing button douban
email sharing button email
evernote sharing button evernote
flipboard sharing button flipboard
pocket sharing button getpocket
github sharing button github
gmail sharing button gmail
googlebookmarks sharing button googlebookmarks
hackernews sharing button hackernews
instapaper sharing button instapaper
line sharing button line
linkedin sharing button linkedin
livejournal sharing button livejournal
mailru sharing button mailru
medium sharing button medium
meneame sharing button meneame
messenger sharing button messenger
odnoklassniki sharing button odnoklassniki
pinterest sharing button pinterest
print sharing button print
qzone sharing button qzone
reddit sharing button reddit
refind sharing button refind
renren sharing button renren
skype sharing button skype
snapchat sharing button snapchat
surfingbird sharing button surfingbird
telegram sharing button telegram
tumblr sharing button tumblr
twitter sharing button twitter
vk sharing button vk
wechat sharing button wechat
weibo sharing button weibo
whatsapp sharing button whatsapp
wordpress sharing button wordpress
xing sharing button xing
yahoomail sharing button yahoomail