Tax exemption for ‘Made in Bangladesh’ products

Finance Minister AHM Mustafa Kamal has proposed to promote the "Made in Bangladesh" brand to accelerate establishment of mega industries and production of import-substitute industrial goods in the country.

To promote this, the government has proposed tax exemption on products made in Bangladesh for ten years.

"In this connection, I propose to provide tax exemption, subject to certain conditions, to the companies engaged in production of three and four wheelers in Bangladesh for ten years which may be extended to further ten years on the fulfillment of certain other conditions," the minister said in the budget speech.

He also proposed to provide tax exemption, subject to certain conditions, to the companies engaged in production of certain home and kitchen appliances as well as light engineering products for ten years.