It wrote to the NBR recently for taking measures in this regard to help RMG waste recyclers survive import competition.
Local recyclers collect waste from garment factories and textile mills to be used by spinning mills.
Currently, they have to pay 7.5% VAT at the collection stage and 15% at the supply stage of their products.
Sources:
Latest Posts in "Bangladesh"
- Government Grants VAT Exemption on Import of Large Sea-Going Vessels
- NBR Halts Manual VAT Audits to Prevent Corruption, Plans Automated System Implementation
- Understanding Tax Refund Limitations: Legal and Erroneous Payment Criteria Under the Tax Code
- Bangladesh Loses Tk 1.88 Trillion to VAT Evasion and Exemptions in FY23, Study Reveals
- Bangladesh Faces VAT Shortfall, Corruption, and Declining Tax-to-GDP Ratio, Urgent Reforms Needed
