Announces Tax Exemption for Renewable Energy-Based Power Generation Projects
27 Nov 2024
On 27th November 2024, Bangladesh announced a 10-year tax benefit to encourage investments in renewable energy-based power facilities, which takes effect from 1 July 2025. SRO No. 400-Law/Income Tax-54/2024 stipulates that individuals or companies engaged in electricity generation projects or power stations based on renewable energy, that will commence commercial production between 1 July 2025 and 30 June 2030 are eligible for 15 years for an income tax exemption, subject to conditions, at the following exemption rates:
- 100% for 10 years from the date of commercial production;
- 50% for the next 3 years; and
- 25% for the following 2 years.
-
Type:
-
Promotion and facilitation (Investment incentives)
-
Industry:
-
Not industry specific (SDG)
-
Services (Electricity, gas, steam and air conditioning supply)
-
Sources:
