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Trade license, RJSC, VAT registration, BIDA, IRC, ERC ...
We are here to provide support as per VAT Act 2012
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তাহলে আর দেরি কেন এখনি নিচের Calculate Tax বাটনে ক্লিক করে জেনে নিতে পারেন আপনার ট্যাক্স।
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By the new section of 16H, if any difference on the submitted claimed investment, import or export statement, have been found by the assessing officer at the time of scrutiny/assessment, 50% of income tax has been charged on the difference between actual and disclosed of investment, import and export amount.
If any individual assessee submits income tax return for the first time and submits through online, he or she is allowed to avail an additional income tax rebate of BDT 2,000.
Any person responsible for paying any amount on account of export cash subsidy to an exporter for promotion of export shall, at the time of payment or credit of such amount, deduct or collect tax in advance at the rate of (ten) percent on the amount so payable.
(1) Every person, being an individual assessee, shall furnish statements in the forms and manners as prescribed in respect of the total assets, liabilities, and expenses of the person or the spouse, minor children, and dependents of the person as on the last date of the income year if the person- (a) has, in the last date of the income year, a gross wealth exceeding taka forty lakh; or (b) owns a motor car; or (c) has made an investment in house property or an apartment in the city corporation area: Provided that any person, being an individual assessee, who is not required to submit the statement mentioned in this sub-section may voluntarily submit such statement.
The minimum amount of advance tax payable by an assessee in a financial year shall be the amount equal to the tax payable on his total income of the latest income year as assessed on regular basis or provisionally, as the case may be, as reduced by the amount of tax required to be deducted or collected at source in accordance with the preceding provisions of this Chapter.
(2) Any company making a payment in relation to the promotion of the company or its goods to any person engaged in the distribution or marketing of the goods of the company shall, at the time of payment, deduct tax at the rate of one point five percent (1.5%) of the payment. New addition this year (3) Any company, other than an oil marketing company, which sells goods to- (a) any distributor, or (b) any other person under a contract, at a price lower than the retail price fixed by such company, shall collect tax from such distributor or such any other person at the rate of five percent (5%) on the amount equal to B x C, where- B = the selling price of the company to the distributor or the other person; C = 5%:
(2A) Where any amount is paid or credited in respect of outgoing international calls, the provider of Interconnection Exchange (ICX) services or Access Network Services (ANS) shall deduct tax at the rate of seven point five percent (7.5%) on the whole amount so paid or credited at the time of such payment or credit.
Notwithstanding anything contained in section 82C or any loss or profit computed under the head "Income from business or profession", the amount of disallowances made under section 30 shall be treated separately as "Income from business or profession" and the tax shall be payable thereon at the regular rate.
Where any goods on which tax has been paid at source under section 53E is supplied, tax at source on the said supply shall be B-A, where- A= the amount of tax paid under section 53E, B= the amount of tax applicable under this section if no tax were paid under section 53E. Provided that in case of the goods supplied by any distributor or any other person under a contract as referred in sub-section (3) of section 53E, the term "B" as mentioned in paragraph (d) shall be computed as follows: B= {the selling price of the company to the distributor or the other person as referred in section 53E (3)} x 7% x 5%.
(ddd) any distribution of profit of a mutual fund or an alternative investment fund.
The year-end of all local companies is set by NBR from July of any year to June of the subsequent year. The companies with year-end on 30th June 2020, needs to file its return by the 15th day of the subsequent 7th month. In this case, 15th January 2021.
30th November 2020 First 300,000 @ 0% Next 100,000 @ 5% Next 300,000 @ 10% Next 400,000 @ 15% Next 500,000 @ 20% Remaining amount @ 25%
OECD-type transfer pricing provisions apply. The definition of "associate enterprise" extends beyond the shareholding or management relationship, as it includes some deeming clauses. A tax payer that engages in international transactions exceeding BDT 30 million is required to maintain documentation and provide a certificate (in a prescribed format) from a Chartered Accountant or a Cost and Management Accountant that sets out the details of a related party transaction, as well as the methods used to determine an arm's length price, provided a notice for filing is received from the National Board of Revenue.
Any expenditure by way of overseas traveling exceeding 0.50% of the disclosed turnover, will be disallowed in case of computing the business income. Earlier the limit was 1.25% of the disclosed turnover.
A resident entity may credit income tax paid on foreign source income against its Bangladesh tax liability with certain conditions. The amount of the credit is the lesser of the lesser of the income tax paid abroad or the Bangladesh tax payable on the foreign source income.
The tax shall be payable by an assessee on “capital gains from the transfer of business or undertaking” in respect of any profits and gains arising from the transfer of business or undertaking in its entirety with all of its assets and liabilities and such profits and gains shall be deemed to be the income of the assessee in respect of the income year during which the transfer takes place.
+880 1554 000 000
Accfintax is an independent professional services provider with distinctive local strength and understanding in Accounting, Finance, Tax, VAT, and Business Process Outsourcing (BPO).
Our core team members have sound knowledge and experience in diversified sectors which enable them to suggest practical and efficient solutions that add value to existing practice of any organization.
We always try to understand the requirements of our valued clients and deliver the solutions on a timely manner. We excel our vision and strive for becoming the leading professional consultancy house in the country by maintaining a high level of ethical standards and professional service quality.
Accfintax is an independent professional services provider with distinctive local strength and understanding in Accounting, Finance, Tax, VAT and Business Process Outsourcing (BPO).
As a professional advisor, we provide in-depth solutions to our valued clients that can be done in a given point of time considering their business requirements and economic environment. We strive to be the leading firm in consultancy and professional services by providing higest quality service to a selected group of clients who embrace the same high standards of ethics and integrity as ourselves. We believe in growing responsibly so that we can deliver all that we promise.
We believe in the followings: For our clients we strive for excellence; For our people we give empowerment; For our strategic partners we value diversity; For our profession we demonstrate integrity; For our stakeholders we owe stewardship;
Identify-Analyze-Prioritize-Deliver Solution, that is how we serve our valued clients.
Building an institution as process delivery, consultancy and advisory firm where service receiver will have their trust and confidence.
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Finance, Budget and Costing
Tax, VAT and other statutory matters
Accounting, internal control, corporate governance, process outsourcing
Accfintax offers clients a broad range of fully integrated tax services. We work closely with clients to deliver timely, high quality tax services to maximize tax-planning opportunities and find the right answers to the tax challenges in their respective industries.
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