Bangladesh has published SRO No. 400-Act/Income Tax-54/2024 of 26 November 2024, which provides an income tax exemption for qualifying renewable energy projects. The exemption is available for a period of 15 years as follows for renewable energy projects or power plants that start commercial production between 1 July 2025 and 30 June 2030:
- First 10 years - 100% exemption
- Next 3 years - 50% exemption
- Next 2 years - 25% exemption
The exemption is available for qualifying projects of both in…