All producers get 100pc tax exemption for 5 years

The government has provided 100-percent tax-exemption facilities for all renewable energy-oriented power producers whose commercial production will begin between July 01, 2025 and June 30, 2030 on the basis of Build Owned Operate (BOO). They will enjoy the facilities for five years.

However, the eligible power producers will be enjoying tax exemption at the rate of 50 per cent for the next three years while 25 per cent tax exemption will be applicable for two more years.

The National Board of Revenue (NBR) on Tuesday issued a circular to this effect under the Private Sector Power Generation Policy of Bangladesh.

According to the circular, the eligible renewable power producers will have to comply with the existing conditions of the Private Sector Power Generation Policy of Bangladesh.