Budget FY21: RMG sector to enjoy 12% corporate tax for two more years

 Ibrahim Hossain Ovi

•  Published at 04:43 pm June 11th, 2020

Photo: Mahmud Hossain Opu/Dhaka Tribune

At present, the RMG factories having green building certification enjoy a special tax rate of 10%, whereas RMG factories without such certification pay taxes at a rate of 12%

The $34 billion apparel sector of Bangladesh will continue to enjoy reduced corporate tax rate at 12% for the 2020-21 fiscal year, in a bid to help fight the Covid-19 impact.

Finance Minister AHM Mustafa Kamal came up with the projection on Thursday while he was announcing the national budget for FY2020-21 in parliament.

At present, the RMG factories having green building certification enjoy a special tax rate of 10%, whereas RMG factories without such certification pay taxes at a rate of 12%.

The deadline of the statutory regulatory orders (SRO) providing this special tax rate ends on 30th June 2020, and I propose to extend the time-limit of the said SRO by another two years.

I hope our taxpayers in the RMG sector will be greatly benefitted from this tax rate reduction, said the finance minister.

2021财年预算:孟加拉国服装协会工厂将在两年内享受12%的公司税

 易卜拉欣·侯赛因·奥维

• 发布于2020年6月11日下午4:43

照片:mah mud Hossain Opu/达卡论坛报

目前，拥有绿色建筑认证的RMG工厂享受10%的特别税率，而没有这种认证的RMG工厂则按12%的税率纳税

在2020-21财年，价值340亿美元的孟加拉国服装行业将继续享受12%的企业税率下调，以帮助对抗Covid-19的影响。

财政部长AHM·穆斯塔法·卡迈勒周四在议会宣布2020-2021财年国家预算时提出了这一计划。

目前，拥有绿色建筑认证的RMG工厂享受10%的特别税率，而没有这种认证的RMG工厂则按12%的税率纳税。

提供这一特殊税率的法定监管令的截止日期是2020年6月30日，我提议将该法定监管令的期限再延长两年。

财政部长表示:我希望我们在RMG的纳税人将从此次税率下调中受益匪浅。