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Taxation & VAT

Taxation & VAT

Tokyo Consulting Firm Bangladesh offers integrated Taxation & VAT Services designed to ensure your business remains fully compliant with Bangladesh’s evolving tax regulations, mitigates risks, and maximizes tax efficiency. Our team brings deep expertise in local tax laws, regulatory frameworks, and international best practices to deliver seamless support for domestic and foreign enterprises.

Taxation & VAT

From startup to M&A and global expansion, we streamline your journey. Optimize accounting, cut costs, boost productivity, and handle legal challenges effortlessly. Your success starts here!

Our Taxation Services Include

  • Corporate & Personal Income Tax
    Preparation, filing, and optimization of company and individual tax returns, tax computation, and representation before tax authorities.

  • Withholding Tax (TDS) Management
    Calculation, deduction, remittance, and compliance documentation for all applicable withholding taxes.

  • Tax Planning & Advisory
    Strategic planning for corporate structure, transactions, and investments to minimize liabilities while maintaining compliance.

  • Tax Audit Representation
    Expert assistance during audits, preparation of detailed responses, and negotiating with tax officials to resolve disputes.

  • Dispute Resolution & Litigation Support
    Support in tax assessment objections, appeals before tribunals, and settlement advisory.

Our VAT Services Include

  • VAT Registration & Deregistration
    Fast, accurate registration and deregistration with the NBR’s VAT Online System in accordance with the VAT & SD Act 2012.

  • VAT Return Preparation & Filing
    Compilation and electronic submission of monthly/quarterly VAT returns (Mushak 9.1), ensuring input and output documentation are aligned.

  • Mushak Documentation & Compliance
    Preparation and management of Mushak forms (6.1, 6.2, 6.3, 9.1) and supporting invoice and payment records.

  • VAT Audit Support
    Pre-audit readiness checks, document preparation, liaison with auditors, and post-audit dispute management for regulatory assurance.

  • VAT Advisory
    Guidance on VAT exemptions, zero-rating, import-export VAT, industry-specific rules, and cross-border transactions.

Regulatory Framework

Regulatory Authority Function
National Board of Revenue (NBR) Administration of tax and VAT laws, enforcement
Income Tax Ordinance 1984 Governs all personal and corporate income taxation
VAT & Supplementary Duty Act 2012 Sets rules for VAT registration, submission, audit
Double Taxation Agreements (various) Prevents double taxation for foreign investors

Benefits of Our Services

  • Risk Mitigation: Avoid costly disputes, audits, and fines with robust compliance support.

  • Efficient Cash Flow Management: Optimize tax credits, deductions, and VAT refunds for improved business liquidity.

  • Time-Saving Processes: Expert handling of document creation and electronic filings so you can focus on core business1.

  • Investor & Stakeholder Confidence: Transparent, timely tax compliance enhances your company’s market and regulatory standing.

Who Can Benefit?

  • Startups & SMEs: Support for registration, regular filings, and tax planning foundational to sustainable growth.

  • Large Enterprises: Advanced tax strategy, regulatory audit management, and complex compliance solutions.

  • Foreign Corporations & Investors: Local tax expertise for branch office setup, profit repatriation, and cross-border deals.

  • Exporters & Importers: Specialized VAT and customs compliance for trade operations.

Why Taxation & VAT Compliance Matters in Bangladesh

A pro-growth, compliant tax and VAT strategy safeguards your business from regulatory risks, maintains operational continuity, and maximizes legal tax benefits in Bangladesh’s competitive landscape.

Get Started with Professional Taxation & VAT Support

Contact Tokyo Consulting Firm Bangladesh for a free 30-minute consultation. Our experts will evaluate your taxation and VAT needs and deliver customized solutions for secure, compliant, and efficient operations.

Frequently Asked Questions (FAQ)

What is VAT and how does it apply in Bangladesh?
VAT (Value Added Tax) is a consumption tax levied at each stage of the supply of goods and services in Bangladesh. The standard VAT rate is 15%, with some goods and services subject to reduced rates or exemptions. Exported goods and certain services qualify for zero-rating.
Businesses with an annual turnover exceeding BDT 8 million (approx. EUR 67,000) are required to register for VAT. Importers, exporters, and withholding entities must also register regardless of turnover.
Application is made online via the NBR VAT system, with submission of proof of business existence, trade license, TIN, and other supporting documents. Upon approval, a Business Identification Number (BIN) is issued within three days.
We assess your business structure, transactions, and operations, and develop a tax-efficient strategy that minimizes tax exposure.
Mushak forms (e.g., Mushak 6.3) are standardized tax invoice forms used for VAT compliance. They document sales, purchases, and input-output VAT details, and are mandatory for VAT-registered businesses.
Yes, foreign businesses supplying goods or services in Bangladesh must appoint a local VAT agent and register for VAT in compliance with local laws.
Penalties include fines for late submission (BDT 10,000), interest (1% per month) on late payments, and harsher penalties or imprisonment for fraudulent actions or false filings.
We assist clients in preparing for VAT audits, managing document submissions, liaising with auditors, and addressing audit findings to minimize risks and penalties.
Certain goods and services require VAT to be deducted at source by the purchaser, which must then be deposited to the government within seven days after the month-end. Different schedules specify which goods and services are subject to VDS.
Yes, registered VAT payers can offset input VAT against output VAT. Excess input VAT can be carried forward for six tax periods or refunded subject to application and approval.

Other Services

Email to us

Our consultants are always ready to reply
info_tcfbd@tokyoconsultinggroup.com

Visit us

Come and let’s discuss in our meeting room

Safura Tower (10th Floor, South), 20 Kemal Ataturk Avenue, Banani C/A, Banani, Dhaka, 1213, BD

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+8802222274666

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+8801788960043

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