2(a). COMPLIENCE
Income Tax Compliance is no longer limited to an annual exercise aimed at filing of a tax return, but has evolved into a full-time function focused on helping the business effectively manage the growing need for providing information and documentation required under income tax legislations. We can help with all aspects of the compliance function, ranging from a full-outsourced model to reviewing/vetting of internal compliance functions. We can help inter alia in:
Monthly Retainer Service: (Tax Deduction & Payment)
-Tax Deduction: We offer daily supports for meticulously ensuring the required compliances of each transaction ranging from customer invoices receipts to vendor invoices payments with Direct and Indirect taxes regulations in Bangladesh. As an integral fact of this service, we conduct pre-execution vetting to ensure of all contractual agreements.
-Tax Payment: We extend trust account service to our global multinational clients, facilitating the secure deposit of regular taxes directly to the government exchequer to the right code of accounts. This specialized service is especially advantageous for clients lacking local signatories, ensuring a seamless fulfilment of financial obligations in instances where issuing cheques is not a viable option.
Income Tax Return assisting in preparation, reviewing, filing Services: (Monthly, Quarterly, Annually)
We assist clients by preparing/reviewing and submitting/filling the following income tax returns to NBR:
- Monthly Withholding Income Tax Return consisting all withholdings, salaries, interest, dividend
- Quarterly Advance Tax Assessment, Preparation of Correspondence with necessary documentation
- Annual Salary Return
- Annual Employee Tax Filing Return
- Annual Income Tax Return of Company and Person
- Annual Statement of International Transactions
2(b). LITIGATION
We provide the following litigation services with the Income Tax Authority on behalf of our clients:
- Providing corporate tax litigation assistance, including representation services (Assessment/ Appeal to CT/ Appeal to TAT/ Assenting in Review Application)
- Assessment at the DCT level
- Revised assessment at DCT level after set aside by CT (Appeal), Tribunal
- Appeal against the order of the DCT
- Appeal filed by the assessee against the order of the CT (Appeal)
- Assisting client in fling reference application against the order of the Taxes Appellate Tribunal
- Assessment of withholding tax return (if the same return is selected for Audit)