Bangladesh Government is all set to cut the source tax on raw materials to the manufacturers from the current 7 per cent to 4 per cent.
Reports claimed this adding the Government move is aimed at reducing production costs, citing sources at the Finance Ministry.
“Reducing tax at source on raw material supplies is our long-time demand. If it is met, our competitiveness will go up further, which will also help to cope with post-LDC challenges,” reportedly, maintained in the meanwhile former President of Dhaka Chamber of Commerce and Industry, Abul Kasem Khan, speaking to the media.
