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Better Work, Better Lives Elevating the RMG Industry in Bangladesh

The goal of this roundtable, along with the Better Work Bangladesh project, is to foster a sustainable, ethical, and profitable RMG sector.

Good sides apart, new duty regime worries trade bodies

Leading trade bodies found some solace in the proposed budget for the 2024-25 fiscal year with measures such as the reduction of required deposit from 20% to 10% of a disputed amount of VAT claim to appeal against it and allowing the import of 17 textile goods at a reduced rate. However, they also identified several challenges that could potentially harm industries,

Whitening Black Money: 'Unethical, unjust and unacceptable'

Whitening Black Money in Bangladesh Budget FY 2024-25: Backtracking on its promise to eliminate black money, the government has once again made room to allow both individuals and companies to whiten money without facing scrutiny and by paying a 15 percent tax, a move that drew sharp criticism from economists and civil society.

Solutions not offered

How far have fiscal measures promoted industrialisation?

Fiscal Measures for Industrialization in Bangladesh: The government is likely to extend tax exemptions for the information technology sector for three more years as the current phase of concessions ends on June 30.