Bangladesh, June 19 -- Exporters Association of Bangladesh (EAB) has urged the government to increase the proposed 1.0 per cent cash incentive to 3.0 per cent for the country's readymade garment (RMG) sector.
It also requested the government to withdraw the proposed 5.0 per cent advanced income tax, which is refundable or adjustable, on capital machinery import, according to a statement issued on Tuesday.
"The proposed 1.0 per cent cash incentive for RMG sector is insufficient taking the sector's current situation. We urge the government to increase it to at least 3.0 per cent," EAB president Abdus Salam Murshedy said in the statement.
Lauding many of the proposals like 2.0 per cent incentive on remittance, tax holiday for industries in ...