• Tuesday, Sep 29, 2020
  • Last Update : 12:50 am

Budget FY21: RMG sector to enjoy 12% corporate tax for two more years

  • Published at 04:43 pm June 11th, 2020
rmg-garments
Photo: Mahmud Hossain Opu/Dhaka Tribune

At present, the RMG factories having green building certification enjoy a special tax rate of 10%, whereas RMG factories without such certification pay taxes at a rate of 12%

The $34 billion apparel sector of Bangladesh will continue to enjoy reduced corporate tax rate at 12% for the 2020-21 fiscal year, in a bid to help fight the Covid-19 impact.

Finance Minister AHM Mustafa Kamal came up with the projection on Thursday while he was announcing the national budget for FY2020-21 in parliament.

At present, the RMG factories having green building certification enjoy a special tax rate of 10%, whereas RMG factories without such certification pay taxes at a rate of 12%.

The deadline of the statutory regulatory orders (SRO) providing this special tax rate ends on 30th June 2020, and I propose to extend the time-limit of the said SRO by another two years.

I hope our taxpayers in the RMG sector will be greatly benefitted from this tax rate reduction, said the finance minister.

54
52
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