Recent Policy Updates in Bangladesh
On 11 June 2026, Bangladesh’s National Board of Revenue (NBR) issued several S.R.O notifications covering:
- Tax exemption on income earned by edible oil manufacturing industries that use locally produced oilseeds as raw materials → income from such operations is exempt from income tax. (nbr.gov.bd)
- Tax exemption for electricity generated from renewable solar energy sources, encouraging clean energy adoption. (nbr.gov.bd)
- Income tax rebate facilities for taxpayers who make donations or contributions, incentivizing charitable giving. (nbr.gov.bd)
Who Benefits and How
- Edible oil manufacturers: If your mills source oilseeds domestically and produce cooking oil, you're eligible for full exemption on profits under the specified S.R.O.
- Solar power generators (both standalone and captive consumption): Income generated is tax-free under this incentive. This encourages private solar projects and rooftop systems.
- Donors: Individuals and entities donating under eligible categories can claim rebates, reducing overall tax payable.
Practical Application & Tax Planning
- A manufacturer purchasing imported oilseeds will not qualify. Use local supply chains.
- For solar projects, ensure proper certification as “renewable solar energy source” under Bangladesh rules.
- Donations must satisfy conditions under NBR’s S.R.O (e.g. recognized charity or specified fund) to claim rebates.
Example Scenarios
| Scenario | Benefit |
|---|---|
| Edible oil company sourcing local seeds | Entire business income exempt from tax due to manufacture with local raw material |
| Individual installing rooftop solar and selling surplus electricity | Income from electricity produced via solar may be exempt |
| Corporate donor giving to government-approved hospital fund | Gets rebate to offset taxable income / tax liability |
Compliance Checklist
- Maintain documentation proving use of locally produced oilseeds.
- For solar energy income, get certificates/approval if needed.
- For donations: get receipts, maintain records of authority recognition.
- File the S.R.O reference when claiming exemption or rebate in tax return.
Summary: These measures are high-impact for clean energy, agriculture, and philanthropy. Businesses and individuals should evaluate whether their operations qualify to take advantage of these incentives.