The National Board of Revenue (NBR) of Bangladesh has announced that donations to BRAC and ten other welfare institutions will qualify for tax exemption starting from July 1, 2026. The decision, published on the NBR website on Saturday, designates these organizations as public welfare institutions under the authority of the Income Tax Act, 2023. The exemption will remain valid until June 30, 2030.

The institutions eligible for this benefit include BRAC, Bangladesh Cancer Aid Trust, ASHIC Foundation for Children Cancer, Al-Markazul Islami, Disabled Child Foundation, Sherpur Diabetic Association, Maona Diabetic Association, Bangladesh Thalassemia Association, Autism Welfare Foundation, Ramakrishna Math and Mission Dhaka, and Chattogram Maa-O-Shishu Hospital. A similar tax exemption was granted last year to nine other organizations, also valid until June 30, 2030.

According to the NBR, taxpayers must collect official receipts from the recipient institutions and submit them with their annual tax returns to claim the deduction. The exemption applies by reducing the taxable income by the donated amount rather than deducting it directly from the payable tax.