BGMEA reiterates calls for cutting source tax to 0.5%

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) today reiterated its demand that the government cut the source tax to 0.5 per cent from 1 per cent in the upcoming budget.

BGMEA President Faruque Hassan also demanded the government continue the rate for five years so that exporters can take long-term business decisions and can be more competitive globally.

He made the call during a press conference at the BGMEA office in Dhaka.