Bangladesh tanners ask for tax holiday - leatherbiz: Leading news site Leatherbiz

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Bangladesh tanners ask for tax holiday

08/05/2018
Tanners in Bangladesh have blamed congestion at the country’s main port at Chittagong, a lack of skilled tannery workers, poor product diversification, and poor infrastructure at the new tanning complex at Savar for a downturn in the leather industry’s performance.

Figures for the first nine months of the current financial year, July 2017-March 2018, show a decline in revenues from exports of finished leather, footwear and leathergoods. Export revenues fell to just under $850 million, 8% less than in the same months the previous financial year.

The Bangladesh Tanners’ Association has asked the government to offer them a tax holiday in the new financial year and to set up bonded warehouse facilities at Savar to reduce import duties on raw materials and chemicals.


Related stories:

Ministry rules Bangladesh’s tannery park must close 30/11/2021
Uncertainty remains over management of Savar CETP 30/05/2019
Savar tanners to take responsibility for CETP 23/04/2019
Official opening for problem-hit Savar cluster 07/11/2018
Steep decline in leather exports from Bangladesh in July 23/08/2018
Concerns continue at Savar ahead of Eid al-Adha 22/08/2018
Sam Setter column addresses worrying reports from Savar 05/06/2018

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