- Bangladesh’s National Board of Revenue announced VAT exemptions for eligible startups, innovative ventures, and technology-based businesses until June 30, 2035.
- These businesses get a full 15% VAT exemption on local services, imported services, and premises rent.
- The 15% VAT on services from freelancers and social media content creators has been removed.
- VAT exemptions were also granted for imports of capital machinery for specified manufacturing industries.
Source: news.bloombergtax.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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