Home / Knowledge / News / Apparel/Garments / Foreigners in Bangladesh RMG sector under NBR scanner
Foreigners in Bangladesh RMG sector under NBR scanner
28
Aug '14
The National Board of Revenue (NBR) has decided to run a check on the tax payment of foreign workers in the garment factories in Bangladesh. The board has asked its field officers to prepare a list of workers who are illegally working in the country without paying tax to the Government.

The Bangladesh Export Processing Zones Authority (BEPZA) is one of the Government agencies which approves work permit for foreigners to work in Bangladesh. Of the estimated 400,000 foreigners employed in Bangladesh, only 12,000 of them file their tax returns every year, according to Dhaka Tribune report.

NBR has ordered its officials to run a special check on the foreigners to ensure they pay their tax, in order to boost the revenue collection for the current year. It has also asked the employers to make the foreign employees to go through the tax payment details when they are given a job in the company.

According to the Income Tax Ordinance-1984, a foreign national needs to open tax file, if he or she lives in the country for 90 days in a year. They also need to present their tax clearance certificates from NBR while crossing the immigration check posts before leaving the country.

Earlier, a working foreign national having work permit would have to pay 25 percent of his/her salary as income tax, which was raised to 30 percent per year, effective from July 1, 2014.

There are currently three tax circles, one in Dhaka and two in Chittagong to collect income tax from foreigners.

Citizens mostly from India, Pakistan, Sri Lanka, China, Taiwan, South Korea, and some European and African countries are working in Bangladesh, according to reports from NBR.

Fibre2fashion News Desk-India

Must ReadView All

Courtesy: Christian Dior

Fashion | On 25th Apr 2017

LVMH to acquire Christian Dior Couture for €6.5bn

LVMH and Christian Dior, which holds directly and indirectly 41 per...

Information Technology | On 25th Apr 2017

Self-repairing fabrics to be the future of fashion

It is the era of smart. Intelligent materials like self-repairing...

Textiles | On 25th Apr 2017

Indonesia revitalising textile sector

With exports of textile and textile products rising in Indonesia, the ...

Interviews View All

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search