The Bangladesh Textile Mills Association has thanked the government for imposing Tk4 tax on sale of per kg yarn instead of the proposed 5 per cent value added tax (VAT) in the fiscal year (FY) 2019-20. The association had previously urged the government to keep locally produced yarn out of the VAT net, keeping 0.25 per cent source tax and 5 per cent advance tax (AT) on machinery, spare parts and raw materials unchanged. Currently, yarn manufacturers pay Tk3 as VAT on per kg yarn sale.
Global contents also translated in Chinese
LATEST TOP NEWS
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
The Fabric of Success: Examining Tamil Nadu's dominance in textile exports
While Tamil Nadu continues its reign as the top textile exporting state in India, a deeper dive into the data... Read more
Growing Textile Treadmill: EU’s consumption, waste crisis, and ESG imperative
The European Environment Agency (EEA) report's revelation of growing textile consumption and waste in Europe underscores a pressing environmental challenge.... Read more
Hong Kong’s seven mega trade fairs attract 100,000 global buyers, unlock new mar…
Seven major trade exhibitions organised by the Hong Kong Trade Development Council (HKTDC) concluded successfully, drawing nearly 100,000 buyers from... Read more
Rising costs, changing priorities, China’s fashion and retail real estate face p…
Rising inflation, increasing interest rates, and global uncertainties are have impacted consumer behaviour and spending has become more cautious. This... Read more
Loosen Up: Dawn of comfort in gymwear and beyond
The reign of the skin-tight legging, once the undisputed monarch of the fitness world, is showing signs of a graceful... Read more
Denim’s DIY Revolution: Customization, on-demand shaping global jeanswear segmen…
At a time where individuality and self-expression reign supreme, the denim and jeanswear industry is witnessing an unprecedented shift toward... Read more
Bangladesh vs Vietnam who scores higher as global apparel supplier
The global apparel market is witnessing a fascinating competition between Bangladesh and Vietnam, each vying for dominance after China. Data... Read more
China's shifting export dynamics and the declining importance of the US market
A recent analysis by David Birnbaum reveals a significant shift in China's export focus, specifically concerning the US’ as a... Read more
Apparel demand remains strong, but economic clouds loom: Wazir Advisors report
Wazir Advisors April 2025 ‘Apparel trade scenario in key global markets and India’ captures the evolving dynamics of global apparel... Read more
Vietnam and India eye mutual gains amidst global trade shifts
At a time of evolving trade policies and geopolitical uncertainties, Vietnam and India are looking to deepen their cooperation in... Read more
MOST POPULAR NEWS
