Hassan and Associates

In Bangladesh, gift tax is levied on taxable gifts at the rates specified in the schedule to the Gift Tax Act 1990.
A ‘gift’ means the transfer by one person to another of any immovable or movable property
voluntarily and without consideration of any money's worth. The value of the property under...

REQUIRED SUPPORTING DOCUMENTS for Indenting Registration Certificate :

Attested photograph of entrepreneur/managing partner/managing director.
Attested copy of trade license.
Membership Certificate from Local Chamber of Commerce and Industries or Bangladesh Indenting Agents’ Association.
Bank’s...

In Bangladesh, for a return submitted under normal scheme, assessment is made after giving an opportunity of hearing. For returns submitted under Universal Self Assessment Scheme, the acknowledgement slip is considered to be an assessment order of the Deputy Commissioner of Taxes. Universal Self ...

In Bangladesh, the winding up of a company may be either – (1) Voluntary; or (2) By the court; or (3) Subject to the supervision of the court. Voluntary winding up is usually undertaken by solvent companies, except in the case of creditor’s voluntary winding up. Now we have described the process ...

Double Taxation is created when the same income is taxed in two different countries during international trade. Avoidance of Double Taxation Agreements is an agreement concluded between Bangladesh and another jurisdiction (a treaty partner) which serves to relieve double taxation of income that i...

- VAT is imposed on goods and services at import stage, manufacturing, wholesale and retails levels;

- A uniform VAT rate of 15 percent is applicable for both goods and services;

- 15 % VAT is applicable for all business or industrial units with an annual turnover of Taka 2 million and above;
...

Income Tax Authorities: The National Board of Revenue (NBR) is the central authority for tax administration in Bangladesh. It was established by President's Order No. 76 of 1972. Administratively, it is under the Internal Resources Division (IRD) of the Ministry of Finance (MoF). MoF has 4 Divisi...

The Bangladesh Labour Act, 2006 is fairly comprehensive and progressive. The law is a consolidation and updating of the 25 separate acts. The comprehensive nature of the law can immediately be gleaned from its coverage – conditions of service and employment, youth employment, maternity benefit, h...

The Money Laundering Prevention Act, 2012 also casts an obligation on banking companies, financial institutions and others to both verify and maintain a record of the identity of their clients. Measures have already been undertaken in this direction by way of adoption of the KYC norms by the conc...