0.7% of the source of ready-made garments exported

The decision was taken considering considering the demands of the concerned organization of the garments sector, including the FBCCI top organizations. As a result of the new VAT law, the government withdrew from the tax of 1 rupee.Finance Minister Abul Maal Abdul Muhith assured the journalists that zero percent of the taxpayers in the readymade garment sector will remain at zero percent. The prices of our ready-made garments have come down in America and Europe. Exporters are being damaged. Considering their demands, tax is being kept the same. SRO has already been issued from the National Board of Revenue (NBR) in this regard.In the newly passed budget of 2017-18 fiscal year, the tax rate in the readymade garment sector was reduced to 1 percent. After the budget proposal, the traders demanded to keep the rate in advance, but the finance minister finally did not agree. In 2016-17, the rate was zero to 7 percent. Exporters exported 100 rupees of the time, the exporters gave 70 paise to the government tax on the tax, exporters said. If new tax was to be implemented, they would have to pay Tk. 1 against 100 rupees.