Home » Bangladesh Publication » Stimulating Foreign Currency Reserves: Tax Breaks for Offshore Banking in Bangladesh
Stimulating Foreign Currency Reserves: Tax Breaks for Offshore Banking in Bangladesh
May 2, 2024In an effort to enhance the foreign currency reserves of the country, the government’s revenue board has decided to exempt from tax any interest or profits earned from offshore banking units in Bangladesh by depositors or non-resident lenders. This tax exemption aligns with the provisions outlined in the Offshore Banking Law of 2024.
RELATED EXPERIENCES
Related Articles
- The Bangladesh Bank Enforces the ACU Mechanism for Cross-Border Payments
- October 11, 2024 - The Bangladesh Bank Raises the Policy Rate to Combat Inflation: Repo Rate Increased to 9.50%
- October 11, 2024 - Thumbprint Verification Challenges and Guidelines for Secure Loan Processing
- September 3, 2024 - New Borrowing Limits for Offshore Banking Operations: Compliance Required by 31 December 2024
- September 3, 2024 - Bangladesh Enacts Payment and Settlement System Act, 2024: Strengthening Financial Security and Consumer Protection
- August 8, 2024