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Bangladesh Introduces Tax Exemption Incentives for Power Generation Companies

|Approved Changes|Bangladesh
Bangladesh

The Bangladesh government issued a circular on 2 January 2020 for the introduction of tax exemption incentives for power generation companies as part of efforts to improve the country's power sector and promote renewable energy. The incentives apply for power generation company that begin operations before 31 December 2022, excluding coal-based power generation, and include:

  • A 100% corporate income tax exemption on income from power generation business from the beginning of operations until …

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