NBR grants tax waiver to several infrastructure dev companies

Bangladesh, March 15 -- The National Board of Revenue (NBR) has granted tax exemption to several private sector companies, working for the country's infrastructure projects including expansion of the Dhaka airport and building the city's mass rapid transit system.

The NBR's Income Tax Wing has issued three Statutory Regulatory Orders (SROs) in this regard.

Japanese officials working in the Nippon Koei Co Ltd and the Oriental Consultants Global Co Ltd will enjoy the tax exemption on their earnings from the Hazrat Shahjalal International Airport Expansion Project (1). The companies are involved in implementation of the project.

The NBR has also granted tax exemption to the Japanese contractor Kawasaki-Mitsubishi Consortium (KMC) on its ear...