The Bangladesh Textile Mills Association (BTMA) has urged the government to reconsider its proposed tax increases in the FY2025–26 budget. The new budget includes a 2% advance income tax (AIT) on cotton imports and an increased VAT on yarn. BTMA warned that these measures would raise production costs, reduce working capital, and undermine the competitiveness of the textile industry, especially amid rising utility prices and other economic challenges. The association called for immediate action to reverse these policies and ensure smooth industrial operations.