The interim government has reinstated a tax exemption for Grameen Bank and offered it for the next five years, meaning until December 2029.
With tax exemptions for the information technology (IT) and IT-enabled services sector ending after this fiscal year, ICT entrepreneurs are demanding the continuation of such incentives for seven more years to help build a ‘Smart Bangladesh’.
The government can generate additional revenue of Tk 30,000 crore in the next fiscal year of 2024-25 if it reduces existing tax exemptions for various sectors, according to a noted economist.
The government is considering granting a tax exemption for foreign grants provided to local researchers in order to boost their activities and earn more foreign currency.
Finance Minister AMA Muhith proposes increasing the ceiling of tax-free income to Tk 2.50 lakh from Tk 2.20 lakh.
The interim government has reinstated a tax exemption for Grameen Bank and offered it for the next five years, meaning until December 2029.
With tax exemptions for the information technology (IT) and IT-enabled services sector ending after this fiscal year, ICT entrepreneurs are demanding the continuation of such incentives for seven more years to help build a ‘Smart Bangladesh’.
The government can generate additional revenue of Tk 30,000 crore in the next fiscal year of 2024-25 if it reduces existing tax exemptions for various sectors, according to a noted economist.
The government is considering granting a tax exemption for foreign grants provided to local researchers in order to boost their activities and earn more foreign currency.
Finance Minister AMA Muhith proposes increasing the ceiling of tax-free income to Tk 2.50 lakh from Tk 2.20 lakh.