Income TAX, TDS, Excise Duty, VAT Returns & Filings.

A country’s major source of income dependents on its earning population. Most of the earnings of the government are generated by levying tax on the income of the population. It is mandatory to submit an annual tax return copy to the government. It is intended to verify the income and asset status of a client. A tax ID has to obtain from the National Board of Revenue for taxation purposes.

A person needs to collect a copy of E-TIN through the website of the National Board of Revenue (NBR). Electronic Tax Identification Number Certificate (E-TIN) is a unique identification number provided to each individual by the National Board of Revenue. A person must come up with legal documents. It can be a national identification card or similar documents as identification proves in Bangladesh.

This is required to retrieve the E-TIN. An expatriate living in Bangladesh has to visit the Deputy Commissioner of Taxes. We, at Azuwa Resources, are providing services to both residents and non-residents to calculate the tax liability, calculate minimum tax liability, determine surcharge, fill up the tax return file the return and submit the return.

Tax Rate in Bangladesh

The tax rate varies throughout the assessment years. This implies individual taxpayers of type, except for some special type taxpayers. This includes female taxpayers of 65 years and above, retired employees, and gazetted war-wounded freedom fighters. The typical tax rates are:

Total Income                               Rate of Tax

  1. For first Tk 250,000                0%
  2. Next Tk 400,000                    10%
  3.  At Tk 500,000                      15%
  4. On next Tk 600,000               20%
  5. Next Tk 3000,000                  25%
  6. For the rest of the amount    30%

The tax rate is Tk. 5,000 for applicants living in Dhaka and Chittagong city corporation areas. Tk. 4,000 for applicants residing outside of city corporation areas. Tk. 3000 for the rest clients. Income Tax return filing is compulsory for both residents and non-residents of Bangladesh. It is a mandatory task imposed by The National Board of Revenue (NBR). Our Tax assessment services help you to calculate your tax return and submit it on time.

Obtaining a Tax Clearance Certificate

According to the Act of Income tax ordinance 1994, tax clearance certificate refers to a document NBR issues. This goes parallel with clients and government tax requirements. In Bangladesh, a tax clearance certificate is needed when tendering for government business contracts. This includes residency or for the extension of work permits, seeking for citizenship, etc. Besides, Tax clearance certificate is also needed by an expatriate leaving Bangladesh during his departure from Bangladesh, if he is not likely to return to Bangladesh. The expatriate may need to show the tax clearance certificate at the airport.

According to the Act of Income-tax ordinance 1994, a tax clearance certificate refers to a document NBR issues. This goes parallel with clients and government tax requirements. In Bangladesh, a tax clearance certificate is needed when tendering for government business contracts. 

This includes residency or for the extension of work permits, seeking citizenship, etc. Besides, a Tax clearance certificate is also needed by an expatriate leaving Bangladesh during his departure from Bangladesh, if he is not likely to return to Bangladesh. The expatriate may need to show the tax clearance certificate at the airport.

At Azuwa Resources we provide Personal Tax return filing services in Bangladesh to our valued clients with the help of our group of Chartered Accountants, Income Tax Practitioners (ITP), Advocates, tax attorneys providing you with the highest benefits of knowledge and technical know-how.

Personal tax return filing in Bangladesh can be a complex area, so it is very much important to find a qualified and experienced professional that understands the complexities of taxation. Our consulting services will address issues in taxation to ensure the adoption of the best practices in Bangladesh according to the rules and regulations.

  • Helping clients with the calculation of Taxable Income

  • Helping clients to File supporting documents

  • Providing clients with necessary statements summarizing their tax liabilities

  • Helping clients to create their business plans

  • Helping clients to minimize tax liability

  • Land and property income tax

  • Capital Gains Tax

  • Residency and taxation

  • Changes in residency and taxation

The Compulsion to File Tax Return

We at Azuwa Resources ensure both advantages to the individual and compliance according to Bangladesh taxation policy. As per the requirement stated in the Finance Act, 2017, if an individual earns more than Tk. 250,000 during the income year then that person has to file income return according to the sources of income. 

However, the limit of maximum non-taxable income for women for senior taxpayers of 65 years and above age will be Tk. 300,000 and Tk 400,000 for physically challenged and retarded personnel.

Documents required to submit with Tax Return

A person needs to provide a description of his income. This includes investment, assets, and liabilities in the particular forms prescribed by NBR.

Calculation of Income & tax rebate

Right after the residential status assessment, an annual income of a person has to be determined and categorized. In this way, one can determine his/her payable tax amount. These heads are Income from Salary, Income from House property, Interest on securities, Income from business or profession, Agricultural Income, Capital Gain Income, and Income from other sources. For each head, he needs to submit specific documents as evidence of the income shown in the return.If any individual pays any amount of his income to a recommended govt. source, it will be entitled as a tax credit. Nevertheless, the payment must include necessary documental proves to keep it legit.

Real Property Management Service

Time limit to submit the Tax Return

A person has to submit a tax return on his annual income to the deputy commissioner of taxes. The E-TIN copy declares all the jurisdictions of a person and it is compulsory under the tax provision.

Consequences for the Failure of Submission of Tax Return

An individual has to pay penalties for failing to submit a return as per the rules of the Income Tax Ordinance, 1984. This individual will also be accountable to pay additional charges for continuing default period. Various regulatory bodies of Bangladesh needs tax acknowledgment receipt for authorization purpose. One can obtain this paperwork by submitting a tax return.

Personal Tax Return Services in Bangladesh

At Azuwa Resources we provide Personal Tax return filing services to our valued clients. Our group contains Chartered Accountants, Income Tax Practitioners (ITP), Advocates, and tax attorney assist. They will gladly assist you with the highest knowledge advice and technical supports.

Personal tax return filing in Bangladesh can be a complex process.  Companies demand qualified and experienced professionals who understand tax complexities. Our consulting services will address issues in the sector of taxation. This will ensure the adoption of the best practices in Bangladesh according to the rules and regulations.

  • Helping clients with the calculation of Taxable Income.

  • Helping clients to File supporting documents

  • Providing clients with necessary statements summarizing their tax liabilities

  • Helping clients to create their business plans

  • Helping clients to minimize tax liability

  • Land and property income tax

  • Capital Gains Tax

  • Residency and taxation

  • Changes in residency and taxation