News

NBR cuts income tax for garments exports

Summary

NBR cuts income tax for garments exports

Updated on : 08-08-2017

The National Board of Revenue (NBR) has reduced the income tax rate for garments (oven and knitwear) producers and exporters to 12 percent from the existing 20 percent.

"From the current financial year 2017-18, company and others taxpayers without company will provide maximum 12 percent which was 20 percent for the financial year 2016-17," said a NBR circular here today.

The taxpayers of the international "Green Building Certificate" receiver factories will provide 10 percent income tax from the fiscal, the circular added.

NBR is providing the income tax facilities for building pollution free industrialization and low carbon economy.

(Courtesy: Bangladesh Sangbad Sangstha )

Most Recent News

Title	Category	Created On
Govt works to increase women entrepreneurs: Tipu Munshi	Trade	2020-02-12 06:39:13
Bangladesh among top four countries in digital economy growth	Import/Export	2019-11-25 00:44:38
Discussion on to sign FTAs with Sri Lanka, Bhutan, Indonesia	Import/Export	2019-11-25 00:35:40
FTA being prioritized for trade expansion: Commerce Minister	Import/Export	2019-10-20 00:40:46
Export target $54bn for FY20	Import/Export	2019-08-07 13:28:42

Search All News

Keyword	Category
From date	To date

Displaying 31-40 of 159 result(s).

Title	Category	Issuing Date
NBR, IFC team up to facilitate trade	Trade
NBR to waive duty on electronic cash registers	Import/Export
NBR to start pre-budget talks with trade bodies from April 3	General
NBR eases duty drawback process for exporters	Import/Export
NBR cuts income tax for garments exports	Import/Export
More productivity needed to attain export goal: Commerce Minister	Import/Export
More opportunities for EU investors to invest in Bangladesh	General
More facilities for trusted importers & exporters	Import/Export
More Japanese companies keen to invest in Bangladesh	Investment
July-January export earnings fetch 6.55pc growth	Import/Export