The government has officially recognized nine non-profit organizations as public welfare institutions, enabling individual taxpayers to claim tax rebates for donations made to these entities.
According to a new gazette notification, donations or grants given by any individual taxpayer to these organizations will be exempted from income tax under the relevant provisions of the Income Tax Act.
The nine approved organizations are Bangladesh Thalassemia Foundation, Mastul Foundation, SOS Children’s Village International in Bangladesh, Rogi Kallyan Samiti, Bangladesh National Federation of the Deaf, Gonoshasthaya Kendra, Dhaka Ahsania Mission, Palliative Care Society of Bangladesh (PCSB) and Agami Education Foundation.
The notification states that this exemption takes effect immediately and will remain valid until June 30, 2030.
This move is part of the government’s ongoing effort to encourage philanthropic contributions toward social welfare, healthcare and education in Bangladesh.
The recognized organizations work in critical sectors such as medical support, education for underprivileged children, palliative care and services for persons with disabilities.
Previously, only a limited number of institutions were eligible for such tax-exempt donations, but the new list reflects a broader recognition of impactful work being done by various organizations in the non-profit sector.
Officials from the National Board of Revenue (NBR) confirmed that donors must retain proper documentation of their contributions to claim the tax benefit in their annual returns.