Taxation Services in Bangladesh

We at FM Consulting International provides taxation services in Bangladesh with the help of our group of tax attorneys, tax lawyers, income tax attorneys, income tax practitioners, tax professionals, tax representatives and tax accountants in Bangladesh here to assist you for providing the top notch taxation services in Bangladesh.

The term Tax describes as “a compulsory contribution to state revenue, levied by the government on workers' income and business profits or added to the cost of some goods, services, and transactions

In context of Bangladesh, there are several kind of taxes prevailing, of which principal of them are:

  • Customs Duties
  • Value-Added-Tax (VAT)
  • Supplementary Duty
  • Personal income taxes
  • Corporate income taxes.

Basic Problems which arises during the return filing situation includes, the followings:

  • Complexity of filing the return,
  • Keeping track of information with previous year’s return
  • Procedural issues regarding submission of the return in tax circle office etc.

We suggest people who are facing complexity during filing a return to take help from professionals regarding the issue. This will enable an assessed person to formulate return with correct and accurate amounts which will also ensure less possible future problems which can be raised regarding return filings. 

Everybody should file his/her return in time to avoid any fines and penalties that may arise for late submission or tax avoidance of any type, be an assessee being a company or a person himself.

Taxation at a Glance

In Bangladesh, Taxation services has become one of the critical and complex compliance issues for business organization in Bangladesh. Tax levy and the imposition is changed almost every year by the promulgation of the Finance Act.  Generally, taxation services in Bangladesh is governed by the Income Tax Ordinance 1984.

As a result, several tax problems arise owing to tax debts in Bangladesh and the same can easily be resolved with the help of our taxation services in Bangladesh. If any business organization fails to comply with prevailing taxation rules, they have to face severe pecuniary measures. But sometimes they cannot handle a difficult taxation situation due to their confusion and misunderstanding of the law.

To keep up with the changes of compliances of Bangladesh Income Tax, multinational corporations will need to have stable in-house resources to be able to manage additional requirements and responsibilities towards taxation and ensuring the same is our ultimate goal through taxation services in Bangladesh. They will also need to assess their systems to ensure that they can meet new requirements for multijurisdictional reporting.  FM Consulting International is providing advice or acting as agents or principal on behalf of different business clients with the help of our tax attorneys, tax lawyers, income tax attorneys, income tax practitioners, tax professionals, tax representatives and tax accountants. In Bangladesh, Tax consultancy service providers are coming from different types of professional background such as Chartered Accountants, Cost and Management Accountants (CMA), Income Tax Practitioners (ITP), Advocates, Retired government income tax officers. FM Consulting has a mix of all these profession in order to provide the best taxation services to our wide range of clients.

Taxation services in Bangladesh and FM Consulting International

FM Consulting International has vast experience in the field of Bangladesh taxation, and has been providing quality service with an accurate timely fashion to its clients. Some of our taxation services in Bangladesh amongst other involves:

  1. Assisting clients for transfer pricing issues.
  2. Assisting client in assessing their business tax in Bangladesh.
  3. Income tax planning as per the taxation laws of Bangladesh.
  4. Assisting clients to face National Board of Revenue audits.
  5. Filing tax returns of the clients.
  6. Obtaining Federal Tax ID/ Taxation Identification number in Bangladesh.
  7. Preparation of tax return according to the prevailing income tax laws in Bangladesh.
  8. Filing late tax returns.
  9. Filing amended tax returns.
  10. Advising clients on income tax.
  11. Income Tax Appeals.
  12. Representing clients before the department of taxation.
  13. Regular taxation compliance:
  • Monthly return on Tax deducted at source
  • Quarterly return on foreign remittance, quarterly report on accounts
  • Biesnnial (Six monthly) report on withholding tax
  • Annual Income tax return, audit report and accounts preparation
  • Other statements and reporting regulations asked by various organizations (ex. BIDA, RAJUK, NBR, BANKING INSTITUTIONS ETC.) time to time

Contact Us

Income Tax Assessment & Fillings in Bangladesh

Corporate Income in Bangladesh for Company, Branch & Liaison Office