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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.
Bangladesh Textile Mills Association (BTMA) made the demands at an emergency press conference held at Gulshan Club in the city.
BTMA president Showkat Aziz Russel, Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) vice president Amal Podder, Bangladesh Terry Towel and Linen Manufacturers and Exporters Association (BTTLMEA) chairman Hossain Mehmood, Bangladesh Cotton Association adviser Mohammad Ayub, among others, spoke there.
Munni_fe@yahoo.com
BTMA president Showkat Aziz Russel, Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) vice president Amal Podder, Bangladesh Terry Towel and Linen Manufacturers and Exporters Association (BTTLMEA) chairman Hossain Mehmood, Bangladesh Cotton Association adviser Mohammad Ayub, among others, spoke there.
Munni_fe@yahoo.com