Bangladesh's NBR urged to withdraw VAT on clothing waste recycling

The ministry wrote to the NBR requesting readymade garment (RMG) waste recyclers survive competition from imports following a meeting with stakeholders in the recycling sector, including the Bangladesh Textile Mills Association (BTMA), according to media reports in Bbangladesh.

Recyclers, which collect waste from garment factories and textile mills to be used by spinning mills, now pay 7.5 per cent VAT at the collection stage and 15 per cent at the supply stage.

ALCHEMPro News Desk (DS)