Saturday, 21 May, 2022


Tax exemption to IT service providers for 4 years proposed

Staff Correspondent |
Update: 2021-06-03 17:21:16
Tax exemption to IT service providers for 4 years proposed [photo collected]

Finance Minister AHM Mustafa Kamal has proposed tax exemption to IT service providers for four years in the next budget.

He said: "I propose to offer tax exemption facility to providers of cloud service, system integration, e-learning platform, e-book publications, mobile application development service and IT freelancing until 2024." 

The minister was placing the proposed budget of Tk 603,681 crore for the fiscal 2021-22 in parliament on Thursday.

The finance minister also proposed to offer tax exemption, subject to certain conditions, for 10 years on production of some selected IT hardware if manufactured in Bangladesh.

This will give impetus to the digital transformation process of Bangladesh, will make modern digital services easily available to the citizens at a low cost, and will also make a positive impact in materializing the dream of building a digital Bangladesh, he added.

BDST: 1721 HRS, JUN 03, 2021

All rights reserved. Sale, redistribution or reproduction of information/photos/illustrations/video/audio contents on this website in any form without prior permission from are strictly prohibited and liable to legal action.