NBR exempts income tax for Bangabandhu Satellite-1
Bangladesh Satellite Company is a subsidiary of the Bangladesh Telecommunication Regulatory Commission
The National Board of Revenue (NBR) has given tax exemption for the next five years on the business and income of the state-run Bangladesh Satellite Company Limited, which is responsible for operating the country's first satellite Bangabandhu Satellite-1.
The Department of Internal Resources of the Ministry of Finance has recently issued a Statutory Regulatory Order (SRO) effective from 18 January.
More than three and a half years have passed since the launch of Bangabandhu Satellite-1 from Florida, USA in May 2018. The satellite is already earning money for the organisations concerned.
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The country's private television broadcasts are being conducted using the Bangabandhu Satellite-1. In addition to DTH and radio broadcasting, telecommunication services are also being provided in remote areas through the satellite.
