Garment makers in Bangladesh have urged the government to collect 0.3 per cent tax at source on 10 per cent of their profits from exports, instead of overall profits, according to media reports in the country. The National Board of ...
Tags: Garment Exporters, apparel export
China's small and micro enterprises saved 24 billion yuan ($3.92 billion) in the first quarter of 2015 due to preferential tax policies, the State Administration of Taxation (SAT) said on Monday. Statistics from SAT showed that a total of ...
State Council decides to allow up to 300 billion yuan to be invested from social security fund China is to allow up to 300 billion yuan (nearly $48 billion) from the nation's social security fund to be invested in local government bonds ...
The Telangana government will not impose value added tax (VAT) on textile traders, commercial taxes minister Talasani Srinivas Yadav has said. Yadav was speaking on the occasion of Secunderabad Cloth Merchants’ Association ...
Tags: value added tax, textile
As the tax authority said, China's pilot program to replace business tax with value-added tax (VAT) reduced tax revenue by 191.8 billion yuan ($30.7 billion) in 2014, the tax authority said Wednesday. The country expanded the VAT reform to ...
Tags: VAT Reform, Tax
The Indian economy is showing signs of a turnaround, according to the Organisation for Economic Co-operation and Development (OECD). However, new reforms, some of which are introduced by Prime Minister Narendra Modi, need to be implemented ...
Tags: Indian economy, Textile
In his Budget speech for Nepali fiscal year 2014-15, that begins on July 16, 2014, Finance Minister Ram Sharan Mahat has proposed special waiver of value-added tax (VAT) for readymade garment (RMG) industries. The step is aimed at ...
Tags: Mahat, Apparel, Accessories
Daimler AG (stock-exchange symbol: DAI) is continuing along its path of profitable growth. In the second quarter of 2014, the Group achieved new record levels of unit sales and revenue and significantly increased its operating profit from ...
Tags: Daimler AG, profitable, Auto Parts
Scrap market activity remained sluggish in eastern China over the week with prices mainly holding steady and unlikely to gain any upward momentum in the short term as the outlook for the finished steel market remains pessimistic, market ...
Tags: Ferrous Scrap, Heavy Scrap
The Government of Kenya is fast-tracking setting up of three special economic zones (SEZs), which would also house apparel factories, Standard Digital reported. About 2,000 sq km are has already been set aside for the three SEZs being ...
Tags: Apparel, Accessories
Large Chinese thermal coal miners were dropping their selling prices for domestic 5,500 kcal/kg NAR coal, depressing demand for imported material, sources said Friday. An Indonesia-based trader said that Shenhua had cut its price for ...
Tags: Thermal Coal, power plants
The Spanish textile Industry Price Index (IPRI) for the month of April 2014, registered a rise of 0.7 percent, compared to the same month last year, as per the data released by the National Statistics Institute (INE) of Spain. The IPRI ...
The Spanish textile Industry Price Index (IPRI) for the month of March 2014, registered a rise of 0.2 percent, compared to the same month last year, as per the data released by the National Statistics Institute (INE) of Spain. The IPRI ...
Tags: Textile Industry, apparel
It is well known for its global standards in four areas, producing much literature on these topics: Food safety Consumer products Packaging and packaging materials Storage and distributionworld. Consumer and industry ...
Tags: BRC, certification
Russian AK5M2 secondary aluminum feedstock prices remained under downward pressure for a second week from weak export demand, Japanese buyers said Tuesday. Several Russian producers Tuesday offered $1,940/mt CIF Japan for AK5M2 feedstock ...
Tags: Aluminum Prices, Japanese Demand