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
- For first Tk 250,000 0%
- Next Tk 400,000 10%
- At Tk 500,000 15%
- On next Tk 600,000 20%
- Next Tk 3000,000 25%
- 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.