Home

Monthly VAT Return Submission

Monthly VAT Return Submission

Tokyo Consulting Firm Bangladesh provides reliable and efficient Monthly VAT Return Submission services to help your business comply with Bangladesh’s Value Added Tax (VAT) regulations seamlessly. We manage the entire process—from data collection and verification to timely filing—ensuring your VAT obligations are met accurately and on schedule.

What Our Monthly VAT Return Submission Includes:

  • Compilation of taxable sales, purchases, and services for the month.

  • Calculation of output VAT and input VAT, including applicable exemptions and zero-rated supplies.

  • Preparation and filing of monthly VAT return forms with detailed transaction summaries.

  • Coordination with your accounting and finance teams to gather accurate and complete data.

  • Follow-up on submissions, including addressing queries or notices from VAT authorities.

  • Assistance with VAT certificate issuance and record maintenance for audit purposes.

Benefits of Our VAT Return Service

  • Compliance Assurance: Stay fully compliant with Bangladesh VAT laws and regulations.

  • Penalty Avoidance: Prevent fines due to late or incorrect VAT returns.

  • Improved Cash Flow Management: Accurate VAT calculation helps optimize cash flow and reclaim input VAT.

  • Focus on Business: Delegate complex VAT filing processes to professionals, freeing your resources.

Important Deadlines and Compliance Notes

  • VAT returns must be submitted monthly, usually by the 15th day of the month following the VAT period.

  • Late submission may lead to penalties and additional tax assessments.

  • VAT payments on declared output VAT must be made on time to avoid interest and penalties.

  • Proper record keeping is mandatory for up to seven years for audit and verification purposes.

Who Can Benefit?

  • Registered VAT-Paying Businesses: Including traders, manufacturers, service providers, and importers.

  • Foreign Investors and Multinational Corporations: Seeking expert local VAT compliance support.

  • SMEs and Startups: Ensuring timely and cost-effective VAT compliance.

  • Japanese and International Firms: Utilizing reliable VAT services tailored to foreign business needs in Bangladesh.

Why Monthly VAT Return Submission Is Crucial in Bangladesh

With frequent updates to VAT rates, exemptions, and regulations, correct and timely VAT returns are essential to avoid unnecessary financial penalties and IRS scrutiny. Compliance also facilitates smooth business operations and eligibility for input VAT refunds or credits.

Ready to Simplify Your VAT Compliance?

Contact Tokyo Consulting Firm Bangladesh today for a free 30-minute consultation. Let us handle your monthly VAT return filings professionally and accurately, ensuring your business remains compliant and efficient.

Frequently Asked Questions (FAQ)

Who is required to submit monthly VAT returns in Bangladesh?
Any business or individual registered for VAT under the National Board of Revenue (NBR) must submit monthly VAT returns.
VAT returns must be submitted by the 15th day of the month following the taxable period. For example, the VAT return for January must be filed by February 15th.
The mandatory form is Mushak 9.1. Additionally, businesses must maintain sales and purchase records, tax invoices, and credit notes for accurate reporting.
Yes. VAT returns can be submitted electronically through the NBR’s official online portal or physically at local VAT offices.
Required details include sales and service collection data, business identification number (BIN), income and expense details, and ownership information.
Late submission attracts penalties. As of the recent regulation, the penalty for late or incorrect filing is BDT 5,000 or more.
Yes. Output VAT owed must be paid by the 15th day of the following month along with the return submission.
Businesses need to maintain detailed bookkeeping records such as tax invoices, sales and purchase ledgers, and ensure reconciliation of VAT accounts before filing.
Yes. The standard VAT rate is 15%, but certain goods and services have reduced rates of 10%, 7.5%, or 5%, and some items may be exempted.
Professional services, like Tokyo Consulting Firm Bangladesh, provide comprehensive support including data compilation, accurate calculation, timely filing, and liaison with tax authorities to ensure compliance.

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

Call us

Sun-Fri from 8:30am to 5:30pm .
+8802222274666

Contact Us On Whatsapp

Get in touch instantaneously
+8801788960043

Your Challenges,
Our Expertise

Tell us about your company and we are ready to Transforming Your Vision Into Results

Which service may help you!

The Most Frequently quarried

Please enable JavaScript in your browser to complete this form.
Multiple Choice
Which service may help you! The Most Frequently quarried