The government has reduced source tax on export earnings for readymade garment and other export sectors to 0.60 per cent from existing 1 per cent amid hectic lobbying by apparel makers. The government also reduced the corporate income tax rate for the RMG manufacturers and exporters to 12 per cent from 15 per cent. The National Board of Revenue on September 6 issued two separate statutory regulatory orders in this connection. The benefits were given with retrospective effect from July this year.