From FY25 beginning today, the maximum rate of export incentive has been set at 10% and the minimum at 0.3%
The government plans a new export promotion fund as an alternative to direct cash incentives for export-oriented sectors to help the country face challenges resulting from its graduation to a developing nation in 2026.
The new cash incentive on export receipts became effective from February 1 instead of the first day of January as announced earlier while some markets and products have been brought back under the facility following pleas from the business community.
The government has cut the export subsidy for almost all sectors to reduce the pressures on Bangladesh's coffers and bring down the rates gradually
From FY25 beginning today, the maximum rate of export incentive has been set at 10% and the minimum at 0.3%
The government plans a new export promotion fund as an alternative to direct cash incentives for export-oriented sectors to help the country face challenges resulting from its graduation to a developing nation in 2026.
The new cash incentive on export receipts became effective from February 1 instead of the first day of January as announced earlier while some markets and products have been brought back under the facility following pleas from the business community.
The government has cut the export subsidy for almost all sectors to reduce the pressures on Bangladesh's coffers and bring down the rates gradually
