Dhaka, July 5 -- Leaders of the country's primary textile mills on Saturday demanded the immediate withdrawal of 2 per cent Advance Income Tax (AIT) on cotton import to safeguard local spinning mills.

They also urged the interim government to reset the 15 per cent corporate tax until 2028.

Their other demands included the exemption of specific tax of Tk 5 per kg at the production stage on cotton yarn, synthetic fibres and other fibres produced by domestic textile mills.

Published by HT Digital Content Services with permission from The Financial Express....