New budget to offer tax breaks for renewables, SMEs, oil producers

• More than a dozen tax measures are set to be proposed in the upcoming national budget to attract investment in renewable energy, edible-oil production and small and medium enterprises (SMEs), while broadening the country’s tax base.
• Under the proposed measures, companies engaged in solar power generation and supply may enjoy a full income-tax exemption on earnings from such investments until June 2035, according to official sources.
• To encourage the use of solar energy, the government is also likely to offer a tax rebate equivalent to 5.0 per cent of electricity bills paid by consumers using solar power.

https://thefinancialexpress.com.bd/trade/new-budget-to-offer-tax-breaks-for-renewables-smes-oil-producers