FAQ , Investment Incentives, Privileges and Facilities

The newly established companies are eligible for incentives offered by the Government of Bangladesh. But reinvestment or expanded industries are not eligible for such incentives. The incentives are as follows: - Corporate income tax (CIT) exemption (holiday and rebate) based on type of business and on the geographical location of the undertaking, - Import duty exemption on capital machinery/ spare parts, - Accelerated depreciation allowance (for machinery/ plants), - Other tax exemptions [(Detail information is available in the Hand Book (http://bida. gov.bd/wp-content/uploads/2020/08/Bangladesh-Investment-Handbook-by-BIDA-light- version-1.pdf )], But following conditions have to be met for enjoying those incentives: - The industry must be registered with BIDA/BEZA/BEPZA/EZ/EPZ for CIT exemption and import duty exemption, - Approval from National Board of Revenue for approval CIT exemption, - Approval from Office of the Chief Controller of Import and Export for import duty exemption.