Tax Return Filing and Tax Matter We obtain Tax Identification Number (TIN) and filing tax return for individuals and companies and their directors and shareholders. Provide necessary opinion on income tax, VAT and customs tax and tax rebate matters. Appear before various tax tribunals.
Taxation in Bangladesh
Corporate tax rate for industrial companies whose shares are publicly traded is 30% and the rate of whose shares are not publicly traded is 40%.
a. Tax rate on other companies: Tax rate on income of all other companies including banks, financial institutions, insurance companies and local authorities ranges from 40% to 45%.
b. Investment requirement by companies enjoying tax holiday: Companies enjoying tax holiday are required to invest 30% of their exempted income within two years from the end of the tax exemption period in the said undertaking or in new industrial undertaking or in stocks and shares of a public company or in government bonds or securities.
c. Acceptance of returns of public limited companies: Returns filed by the public limited companies shall be accepted if it is accompanied by audited accounts and certified by a chartered accountant as to the correctness of the total income of the assessee.
d. Salary of foreign technician: Salary received by or due to a foreign technician under contract of service approved by the NBR is fully exempted from paying tax (subject to prescribed conditions and limitations) for a period of 3 years from the date of his arrival in Bangladesh.
e. Tax payable by the employer on remuneration of foreign technician: expenditure incurred by an employer in respect of remuneration of the foreign technician is fully exempted from income tax (subject to the stipulated conditions).
f. f) Remuneration of foreign technicians employed by the consulting and engineering firms: Expenditure incurred as remuneration payable to a foreign technician by a Bangladesh firm carrying on the business of consulting and engineering is fully exempted fro