Bangladesh’s National Board of Revenue is reportedly planning to raise its corporate tax rate from 12 per cent now to up to 20 per cent from the next fiscal, with 18 per cent for green factories (from 10 per cent now).
This is likely to hit apparel exporters as the garment sector has long been enjoying tax benefits.
IMF pressure is said to be one of the reasons behind the proposal.
This is likely to hit apparel exporters as the garment sector has long been enjoying tax benefits.
IMF pressure is said to be one of the reasons behind the proposal.
