Bangladesh Reduced Tax Rates for Export of Goods and Asset Management Companies and Exemption on Interest and Profits from Offshore Banking Units

The Bangladesh National Board of Revenue (NBR) recently published Notification SRO No. 44 of 4 March 2024, which updates and clarifies regulations for the exemption and reduced tax rates on income from exports, which notably only applies for the export of goods. This includes the following exemption/reduced rates:

• A 50% exemption of income from the export of goods by individuals;
• A reduced tax rate of 12% on the income of companies from the export of goods; and
• A reduced tax rate of 10% on …