Person deducted or withhold tax at source shall submit monthly return as per the Income Tax Act, 2023. Our scope of works is designed to cover key aspects of the process. We initiate by collecting relevant information and documents, including payment records and challans. Following this, we undertake the preparation of the return for tax deducted at source, ensuring accuracy and completeness. This prepared return is then presented to the management for review and sign off. We actively engage in addressing any queries that may arise during the evaluation of the submitted return.

In Bangladesh, advance tax shall be payable in four equal installments on the 15th day of September, December, March and June of the financial year if the income of a taxpayer meets certain limits. In these connections, our scope of work in this regard shall include reviewing financial or projected financials, as the case may be, and compute the estimated tax liabilities for the year. Analysing information and evidence relating to the tax already paid at source, and computing the instalment size and pay-out. We submit computations and evidences with tax the tax authority, facilitate payment to the government and meeting queries of the tax authority, if any.

Every entity is obligated to submit its annual return of income to the tax authorities within the stipulated timeframe. To facilitate the preparation and submission of the income tax return, we offer comprehensive assistance.

This includes organizing the requisite information and documents necessary for the return, preparing detailed computations, and drafting the tax return itself. We also engage in discussions with you on any issues where the treatment of income or expenses necessitates judgment, ensuring that positions are agreed upon. We submit the complete set of returns and supporting documents to the tax authority and obtaining an acknowledgment receipt as proof of the timely and complete submission of the return.

Corporate tax returns services also include facilitating revised or amended returns as well as tax assessment supports.

The tax authority may select return or revised return tax audit and send them to the respective Commissioner of Tax for the completion of audit and determining tax liability.

In the context of tax audit proceedings, our comprehensive scope of works is designed to provide in-depth support throughout the entire process. We initiate by reviewing the notice of audit, establishing liaison with the investigation team, and offering necessary assistance by providing explanations and required documents. Our involvement extends to critically examining the audit team's requirements, coordinating with them on your behalf, and preparing detailed explanations while producing evidence to explain the company's position. We actively participate in hearings with the audit team, representing the company. Following the audit, we meticulously analyse the draft tax audit report, identifying critical factors, discussing legal positions on disputes, and assisting in preparing a comprehensive written explanation.

Our cooperation with the Deputy Commissioner of Taxes (DCT) involves providing further explanations and documents as required. Upon the completion of the tax audit, we facilitate the process of obtaining the assessment order. Subsequently, we engage in discussions with you regarding the assessment order and collaboratively strategize on the way forward, providing guidance as needed.

In the event of dissatisfaction with a tax authority's order, an individual or entity has the option to file an appeal before the Commissioner of Taxes (Appeal) or Inspecting Additional Commissioner of Taxes (collectively called 1st appeal) within the permitted timeline. Further, in the event of disagreement with the order of the 1st appeal, a taxpayer may choose to file appeal before the Taxes Appellate Tribunal.

In the context of handling such appeals, we offer comprehensive and dedicated solutions-based supports. We begin by reviewing the return of income, computations, and the assessment or appeal orders, identifying areas of dispute. After discussing and confirming the appeal strategy with you, we assist in preparing further computations, information, and collecting relevant evidences and explanations.

We draft grounds of appeal, facilitate in filing the appeal and actively participate in hearings, providing updates on the appeal's progress. Upon completion of proceedings, we obtain the appellate order and, on a best-effort basis, follow up with tax authorities for the order giving effect to the appeal. Finally, we engage in discussions with the company's management to discuss the appeal order and suggest a way forward if needed.

Bangladesh tax law allows a taxpayer to avail tax exemptions or payment of tax at a lower rate in line with the Double Tax Avoidance Agreement (DTAA) or otherwise exempted. The scope of works involves a comprehensive range of tasks aimed at facilitating and securing tax exemptions for eligible taxpayer. This includes an initial assessment of the eligibility for tax exemptions, drafting the ground, arranging collaborative supporting documentation.

We engage in effective communication with tax authorities, addressing any queries or additional requirements promptly, and obtaining certificate. Our goal is to streamline the application process, ensuring that the you obtain the Tax Exemption Certificate efficiently and is positioned to enjoy the specified tax benefits in compliance with applicable regulations.

Expatriate tax services entail a complete range of tasks aimed at ensuring expatriates fulfil their tax obligations seamlessly in Bangladesh. This includes strategic tax planning to optimize the expatriate's tax position, providing pre-assignment tax briefings, and assisting with the preparation and filing of income tax returns, and obtaining tax clearance certificate. Ongoing compliance monitoring, audit support, and exit tax planning are also included in the service offerings.

Value Added Tax and Supplementary Duty Act, 2012 mandates, certain registered person shall comply with VAT deducted at source (VDS) on some specified cases at the time of making payment, and deposit the deducted VAT within the specified dates into the government treasury.

Our comprehensive approach to monthly VAT deduction compliance involves day-to-day review of payment invoices, scrutinizing each transaction meticulously and outlining appropriate rates of VAT to be deducted at source. Subsequently we compute the net payable amounts to vendors or suppliers and facilitating the payment process to the government treasury. Our services extend to providing certificate of VAT deducted at source to keep you up-to-date and compliant.

Every registered person shall submit monthly VAT return as per the Value Added Tax and Supplementary Duty Act, 2012. Our scope of works is designed to cover key aspects of the process which include collation of essential documents and information. We undertake preparation of the monthly VAT Return (VAT-9.1), and should you require it, we provide an Excel format that mirrors the information. A critical step in our process involves a thorough review of the generated VAT Return (VAT-9.1) from the VAT Software, aligning it precisely with the pertinent documents. We extend our support beyond preparation and review, actively assisting in the online filing of the monthly VAT Return through the NBR portal. In cases where hard copy documentation is requisite, we ensure the timely submission to the VAT circle office. We take on the responsibility of aiding and providing clarifications to the VAT circle officer regarding the workings of the VAT return preparation process, ensuring a comprehensive and compliant submission.

Our support also covers preparation and submission of Input-Output Coefficient Declaration (Mushak-4.3), preparation and submission of returns for sales and purchase invoice exceeding BDT 0.2m (Mushak-6.10), filing of audited financial statements, if required.

VAT authority is empowered to conduct audits and investigations into all aspects of a taxpayer's economic activities with the aim of preventing tax evasion. In support of VAT audit processes, we provide a comprehensive service aimed at collaborating with tax authorities, offering explanations, clarifications, evidence, and liaising with audit teams to efficiently conclude cases from a VAT perspective.

Additionally, persons who are dissatisfied with a decision made by junior VAT officials have the option to file an appeal before the Commissioner within 90 days. Should the person remain dissatisfied with the Commissioner's order, they can choose to submit an appeal before the VAT Appellate Tribunal within 90 days of the order. In handling of such appeals, we offer dedicated solutions-based support by reviewing orders, analysing disputed areas, assisting in preparing additional computations and information, collecting relevant evidence and explanations, drafting grounds of appeal, facilitating the appeal filing process, actively participating in hearings, and obtain a favourable appeal order on a best-effort basis. Finally, we engage in discussions with the company's management to review the appeal order and suggest a way forward if necessary.

Every company having international transactions over BDT 30m in an income year shall keep specific information, record and documents under the transfer pricing regulations.

Our responsibilities encompass a thorough examination of international transactions with Associated Enterprises (AEs) for the relevant year, facilitating a comprehensive mapping process. We conduct a careful review of agreements with AEs, scrutinizing pricing policies within the group entities. Engaging in discussions with you, we capture functions performed, assets used, and risks assumed by the company, ensuring an exact understanding of the operational landscape.

The development of a robust search strategy is undertaken, followed by an in-depth analysis of internal comparables. We conduct a careful selection of comparable companies, and subsequently, the calculation of arm’s length results. We provide suggestions for any shortcoming in compliance with the transfer pricing regulations.

Under the transfer pricing regulations, every company having international transactions with its non-resident associated enterprises shall prepare a Statement of International Transactions (“SIT”) and submit the same with the tax authority along with CIT returns irrespective of volume of transactions.

Within the ambit of this scope of works, our responsibilities involve a comprehensive review of the company's associations to qualify as Associated Enterprises (AE). This includes scrutinizing the parties identified by the company for this classification. We extend our examination to encompass an in-depth review of the International Transactions and the nature thereof entered into by the company with its AEs.

Additionally, our scrutiny encompasses an assessment of the value of these International Transactions. Ensuring compliance with transfer pricing regulations, we undertake a meticulous review of the Most Appropriate Method identified to test the arm’s length nature of the identified International Transactions. As part of the process, we prepare the Transfer Pricing Study (SIT) and obtain sign-off and submit with the tax return.

Tax authority may ask to submit certificate from a Chartered Accountants or a Cost and Management Accountants in processing of transfer pricing compliances obligations where aggregate volume of international transactions exceeds BDT 30m in an income year. We provide CA Certificate in compliance with the transfer pricing regulations.

In case you encounter any dispute with the tax authority with respect to transfer pricing, we offer services extend to preparing a robust defence strategy, involving a thorough analysis of legal precedents and regulations governing transfer pricing.

We actively engage in representing you during litigation proceedings, providing expert testimony and documentation to substantiate the case. Throughout the litigation process, we maintain effective communication with tax authorities, addressing queries and challenges promptly and assist in securing a favourable resolution for you, minimizing tax liabilities.

Tax advisory and review services (covers both the direct and indirect tax, and transfer pricing) encompass a broad range of strategic and compliance-focused tasks designed to optimize your overall tax position and ensure adherence to tax regulations. This includes conducting a thorough review of current tax compliance, providing strategic tax planning advice, and assessing regulatory compliance. Transaction structuring advice, international tax guidance, and analysis of tax implications for business decisions are integral components.

The scope also involves advising on documentation and record-keeping best practices, facilitating communication with tax authorities, and identifying tax credits and incentives.  Ultimately, tax advisory and review services aim to empower clients with the knowledge and strategies needed to navigate the complex landscape of taxation, minimizing liabilities and optimizing overall tax outcomes.