Bangladesh waives value added tax for sukuk
Published 16 Sep,2021 via The Financial Express - The National Board of Revenue (NBR) has offered tax benefit to popularise Sukuk, an Islamic financial instrument.
The waiver has been offered in a bid to make the local bond market vibrant.
The Value Added Tax (VAT) wing of the board has waived taxes on sale and purchase of assets between originator and Special Purpose Vehicle (SPV) of Sukuk.
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The Financial Express