NBR withdraws advance tax on cotton and man-made fibres imports amid industry pressure

Cotton import tax scrapped to boost textile sector - The New Nation

Reza Mahmud : Bangladesh’s textile industry is showing encouraging signs as the government takes several steps to counter the impact of additional tariffs imposed by the United States. The US remains the largest market for Bangladesh’s ready-made garment (RMG) exports, which grew robustly by 29.34 per cent to $2.98 billion during January-April 2025, despite ongoing concerns over rising tariffs. RMG exporters have expressed deep apprehension abou…

NBR withdraws advance tax on cotton and man-made fibres imports amid industry pressure

The National Board of Revenue (NBR) has rescinded its recent decision to charge imports of cotton and synthetic fibres used by Bangladesh’s apparel industry with a 2% advance income tax (AIT). The move comes after significant protests from industry stakeholders who argued that the tax would severely hamper the sector’s survival. Effective immediately, the exemption […] The post NBR withdraws advance tax on cotton and man-made fibres imports amid…