A Tax Holiday Certificate refers to an official document issued by tax authorities that grants qualifying businesses an exemption from paying income tax for a specified period. This incentive aims to promote economic growth, attract investments, and stimulate particular sectors or regions. In the context of legal basis, information about Tax Holiday Certificates can typically be found in the Income Tax Ordinance of 1984, which outlines the conditions, criteria, and procedures for obtaining such certificates within the jurisdiction it governs.
Issuing Authority
Name: National Board of Revenue (NBR)
Address : Rajasha Bhaban, Segun Bagicha
Email : feedbackta@nbr.gov. bd
Web-Site : http://www.nbr.gov.bd/
Required Documents
- Memorandum & Articles of Association and Certificate of Incorporation [Original Copy duly attested by a First-Class gazette officer applicable in case of a Limited Company]
- Particulars of the Directors [Form-12]
- TIN [Original Copy duly attested by a First-Class gazette officer applicable in case of a Limited Company]
- Bank Statement
- IRC/ERC Certificate
- Environment Certificate
- Directors’ Tax Return
- Bond License [In-Bond, Out-Bond]
- Lay out Plan
- Rental Agreement [If it was hired]
- List of Machineries [All should be new]
- Land Document
Process Steps
Step 1 Application Form Collection & Submission: Applicant obtains the prescribed Application Form from the National Board of Revenue (NBR). Once completed, the applicant submits the file containing the application and supporting documents to the relevant circle within the NBR. This initiates the formal process for consideration of the tax holiday application.
Step 2 Initial Processing and Notice Issuance: Upon receiving the application file, the concerned circle within the NBR reviews the submission. At this stage, the concerned circle issues an official Notice acknowledging receipt of the application and informing the applicant of the procedural steps ahead.
Step 3 Field Inspection and Recommendation: Following the issuance of the Notice, a field inspection is conducted as part of the assessment process. Upon completion of the inspection, the concerned circle reviews the findings and subsequently recommends the application to the Joint Commissioner at the NBR for further consideration.
Step 4 Submission and Decision Making: The Joint Commissioner, upon receiving the recommendation from the concerned circle, submits the consolidated report and recommendation to the Commissioner at the NBR. The Commissioner reviews the application, accompanying documents, and the recommendation received. Following a thorough review, the Commissioner submits the finalized application along with their decision to the Board for final approval.
Step 5 Final Decision and Certificate Issuance: The Board, consisting of senior officials within the NBR, convenes to deliberate on the application and make a final decision regarding the grant of the tax holiday. Once a decision is reached, the Board communicates its decision to the applicant through the issuance of a Tax Holiday Certificate.
Fee Schedule
No fee is required
Official Time Limit
3 months
Actual Time Limit
It may vary