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tax
2015-06-12 11:00:00
PYMA rejects budgetary increase in sales tax on yarn and cloth
Textile sector is considered back bone of Pakistan economy contributing more than 50 percent of foreign exchange for the country and providing 40 percent employment is already heavily burdened and
2015-06-08 11:15:00
Bangladesh garment makers resent budget proposal to hike tax at source
The Bangladesh Finance Minister AMA Muhith presented the national budget before parliament on 4 June for the fiscal year 2015-16. Its size - in terms of aggregate government expenditure - reflects
2015-05-06 17:00:00
Vietnam plans to raise import tax on PSF from zero to 2pc
The Vietnam domestic fibre manufacturers have been facing harsh competition from imported fibre. The Ministry of Industry with the aim to rescue and encourage domestic production has plans to
2015-04-11 10:00:00
Bangladesh exporters yearn for cut in tax at source on export earnings and cash incentives
Bangladesh exporters yearn for tax at source on export earnings and tax on cash incentives to be waived or cut down in the budget for fiscal year 2015-16 to make it uniform for all exporters, as it
2015-03-16 18:00:00
Increase in import of branded shirts in pieces into Kerala to evade tax
Recently, the Vigilance and Anti-Corruption Bureau (VACB) probed why readymade shirts were shipped into Kerala in parts. There is a 10 percent duty on imported readymade wear, but no tax on cloth.
2015-03-03 13:00:00
Indonesia to make tax breaks applicable for labour intensive industries
Indonesian government is planning to apply existing tax allowances to labour-intensive industries that includes garment industry in an effort to reach its 2-million-a-year job-creation target.
2015-02-17 17:00:00
Japan prefers Sri Lanka and India to Pakistan for textile imports due to low ratio of taxes
Japan ambassador to Pakistan Hiroshi Inomata during his visit on Monday to the Rawalpindi Chamber of Commerce and Industry (RCCI) said Japan is the world largest importer of textile but due to high
2015-01-15 14:00:00
Pakistan textile industry seek full refund of export tax rebates asap
Pakistan government is yet to clear refunds worth Rs50 billion for textile exporters under the duty drawback scheme, accumulating till October 2014. The delay in releasing the outstanding tax and
2015-01-13 17:00:00
Govt’s decision to impose entry tax on yarn puts industry in a dire straits
The Punjab government has apparently decided to impose Non-Vatable Entry Tax on yarn being brought in from other states, including Uttar Pradesh, Himachal Pradesh and New Delhi. As there were
2015-01-03 14:00:00
PTA between Turkey and Iran to lower customs taxes imposed on 265 products
The Preferential Trade Agreement (PTA) concluded between Turkey and Iran came into force on Jan.1, the customs taxes imposed on 265 products will be lowered by a great degree with some of the customs
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