National Board of Revenue is reviewing a proposal of readymade garment exporters seeking reduction in existing source tax on export earnings. Income tax wing of NBR has already prepared a situation paper on the issue and forwarded it to NBR high-ups for their directions on the issue. Officials said that export-oriented apparel trade bodies including Bangladesh Garment Manufacturers and Exporters Association had been pressurising the government to cut the source tax further. BGMEA demanded reduction in the income tax at source on export proceeds to 0.25 per cent from current 0.60 per cent as part of incentive package to implement the new minimum wage for garment workers and to keep the sector competitive in global market, they said. NBR in September slashed the tax to 0.60 per cent from 1 per cent reinstated in the budget for the current fiscal year 2018-2019.