Structure Your Business To Achieve Tax Efficiency With Our Corporate Income Tax Services

To find and streamline effective methods to your Corporate Income Tax challenges, our tax specialists collaborate with our federal, international, state and local, and tax technology specialists.

The amount of corporate tax rate depends on the net income of a company. The benchmark that we have used refers to the highest rate for Corporate Income. Revenues from the Corporate Income Tax Rate are one of the important sources of income for the government of Bangladesh.

The tax law follows the same corporate rate structure without major changes. It imposes Corporate Income Tax at 25% on listed entities and 35% on non-listed entities.

Our Special 6 Benefits Of Corporate Income Tax Help Businesses Reduce Taxable Income

Our professional service includes advising on withholding tax while paying your supplier’s timely deposition of Corporate Income Tax. The services include preparing and submitting withholding Tax, income tax rebates, adjusting the tax, submitting tax returns before the deadline, etc.

1. Set-Off Loss Provisions

Any company operating in this nation has to consider the set-off loss provisions. Rules regarding this have to be formulated during the stage of tax strategies of company tax and at the Corporate Income Tax planning phase.

2. Carry Forward

During the calculation of the Corporate Tax, a company should keep the provisions to carry forward the losses of earlier years. As per the income tax law of Bangladesh, the loss cannot be set off entirely in a tax year.

3. Tax Day

A company needs to take into account the deadlines for filing the Corporate Income Tax return. The income year in Bangladesh is from July to June. However, companies can appeal to the NBR for changing this session.

4. Tax Consultancy Team

Our Tax Consultancy team provides all types of tax solutions. Our solutions are both for individual and corporate clients. We are professional service firms with experts in this area and ready to provide the best solutions available.

5. Withholding Taxes

The company needs to keep track of the withheld taxes and submit returns twice a year. Bangladesh’s government established this regulation. Many companies often face penalties because they fail to submit the tax return before the deadline.

6. Payroll Taxes

If a company fails to comply with tax return regulations, the authority of Bangladesh disallows all expenses of payroll.  To avoid such penalties, our payroll Tax consultancy services ensure the submission of annual tax returns within the stipulated time.

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Corporate Tax VAT Audit Financial Consulting Firm

You’ll notice news media raise questions about whether Bangladesh is a tax-friendly country. The rate of corporate tax is 25% for public companies while it’s 32.5 for non-listed companies. Experts say the Corporate Income Tax is high in Bangladesh.

In such a situation, we can help you with managing your corporate taxes in a way that reduces the hassles and keep your business safe from tax issues.

OutsourcingBD is one of the leading Corporate Income Tax Service Provider in Bangladesh. We assist our clients to prepare tax returns and pay their business tax on time.

The filing of corporate income tax returns can be cumbersome and can divert you from core operations. As a reliable tax consultancy partner, we can act as your personalized tax calculator and income tax processing department to help you boost profits with minimal operating costs.

In Bangladesh, corporate income tax must be paid on all firm revenue. Corporate or business income refers to the profit that has raised or accrued from conducting any business or trade in Bangladesh.

Under the law of the company tax, it also adds the value of any benefit or perquisites that the business has come across within the relevant tax year in Bangladesh. Our tax preparation service would ensure that our client always remains compliant with the taxation laws as well as filing your business tax within the right schedule.

 Corporate Income Tax Services Range Cover The Complete Spectrum Of Potential Compliance Need

From corporate tax return, preparation and review to tax controversy and audit support, our business tax services cover the whole spectrum of potential compliance demands. The following are just a few of the many services we offer:

Income tax return form

  • Corporate income tax calculations are prepared and/or reviewed.

  • Deferred tax calculations for financial statement purposes are prepared and/or reviewed.

  • Provisional tax calculations are prepared and/or reviewed.

  • Calculating taxes for predictions, budgets, and business plans

  • Tax process documentation and operation manuals

  • C-Corporations, Partnerships, and S-Corporations all have to file federal income tax returns.

We have the expertise and experience to connect tax compliance with other tasks such as tax provision and planning. We provide the right balance of technical resources and technological expertise so that your own personnel can focus on areas of taxation that provide more value to the entire business.

Accounting Method Of Corporate Income Tax in Bangladesh

The method of tax accounting services in Bangladesh is quite similar to the International Accounting Services. A company should carry out audits according to the Bangladesh auditing Standards.

Businesses That Are Subject to Tax Return in Bangladesh

Every Company, Branch office, Representative office, Liaison office, Joint Venture Company (JV) registered in Bangladesh must file an annual corporate income tax return to the National Board of Revenue (NBR).

FAQ. Corporate income tax return

FAQs For Corporate Income Tax Services

What is your corporate income tax rate?

Every domestic or foreign corporation doing business that is not specifically exempt under Section 1902(b) of Title 30 must file a corporate income tax return (Form 1100 or Form 1100EZ) and pay an 8.7% tax on federal taxable income allocated and apportioned to Delaware must file a tax return (Form 1100 or Form 1100EZ). Property, wages, and sales in Delaware as a percentage of property, wages, and sales worldwide are the factors.

No, our law does not stipulate that a minimum corporate income tax be paid.

You must keep proof of earnings and the records required by the Income Tax Act for each source of income. If no such records are required, you should keep reasonable records that can be used to support your income claim.

Yes, such winnings are subject to a 30 percent flat tax rate with no baseline exemption ceiling. In this instance, the prize money payer will usually deduct tax at source (i.e., TDS) from your winnings and only give you the remaining amount.

Our Corporate Income Tax Identify Risk Areas That Mitigate Financial Statement

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