The National Board of Revenue (NBR) has scrapped the indefinite tax exemption on pastime of loans for SS Energy I Restricted, a subsidiary of the S Alam Community.
As per a statutory regulatory uncover (SRO) issued by the NBR the day gone by (17 December), the exemption on pastime or prices from loans for the Chattogram-basically based firm will cease starting January next 300 and sixty five days, a back it has enjoyed since March 2019.
The SS Energy Plant, positioned in Chattogram, also beforehand benefited from responsibility-free imports of equipment and tools.
No entity other than the S Alam Community has been granted such wide tax privileges in the previous, NBR officers mentioned on situation of anonymity.
The 1320-megawatt SS Energy Plant in Gondamara of Chattogram’s Banshkhali started business vitality generation on 18 September 2023.
The vitality plant started its reliable connection to the national grid on 14 January of that 300 and sixty five days, with the first and 2d devices undergoing check runs on 24 May presumably and 28 June respectively.
It’s a ways the first tall non-public coal-basically based thermal electrical energy project in the nation to internet an investment of as great as $2.6 billion (Tk28,000 crore) from a single non-public entity.
