The interim government of Bangladesh is drafting a tax exemption policy, prohibiting both the government and the National Board of Revenue (NBR) from allowing tax exemptions.

SM Faruqi Hasan, founding president of the Ontario unit of the Awami League, is involved in the case

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.