Taxation Law
The recent digitalisation of several national revenue systems demand a bigger than ever compliance promise from taxpayers. We work diligently to ensure that individuals and businesses are not impacted by the consequences of non-compliance. We serve our Clients starting from VAT, Income Tax & Customs registrations to IRC & ERC registrations
Taxation Services
Customs Duties
Value-Added-Tax (VAT)
Supplementary Duty
Personal income taxes
Corporate income taxes.
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.
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. CLP 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. CLP has a mix of all these profession in order to provide the best taxation services to our wide range of clients.
Assisting clients for transfer pricing issues.
Assisting client in assessing their business tax in Bangladesh.
Income tax planning as per the taxation laws of Bangladesh.
Assisting clients to face National Board of Revenue audits
Filing tax returns of the clients.
Obtaining Federal Tax ID/ Taxation Identification number in Bangladesh.
Preparation of tax return according to the prevailing income tax laws in Bangladesh.
Filing late tax returns.
Filing amended tax returns.
Advising clients on income tax
Income Tax Appeals.
Representing clients before the department of taxation.
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
