DHAKA, National Board of Revenue (NBR) has reduced tax rate at source for export of readymade garments (RMG) products from 0.70 percent to 0.60 percent.
NBR today issued a circular fixing the tax rate at source for the current fiscal year. The corporate tax rate remained unchanged.
Tax rate at source is realized on total exports value. If any exporter exports products of Taka 100, he has to pay Taka 0.60 as tax at source. Every year around Taka 2.5 crore is being realized as the tax at source.
Source: Bangladesh Sangbad Sangstha (BSS)