Income Tax Exemption for IT Sector in Bangladesh: The information technology sector will continue enjoying the income tax exemption facility until the roadmap for its gradual withdrawal is outlined, said Salman F Rahman, private industry and investment adviser to the prime minister.
On May 20, 2024, the US Department of State announced that former General Aziz Ahmed, who previously served as Chief of the Bangladesh Army Staff, has been banned from entering the United States .
The government will provide a roadmap for the continuation of income tax exemptions for the IT sector for a couple of years before a gradual withdrawal, said Salman F Rahman, private industry and investment adviser to the prime minister.
With General Ahmed no longer in active service, the sanctions’ direct impact is limited, serving more as a symbolic gesture than a catalyst for significant reform.
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