Tax management in Bangladesh

Difference between direct tax and indirect tax, income year and assessment year

Cannon of taxation

Individual and Company Tax rates including reduced tax rates with SRO reference

Heads of income

Income Tax Authorities

Return of income,

When return submission is mandatory

What documents needed to be submitted with return

When return is to be submitted

Delay interest for delay in submission of return

Penal provision for non-submission of return

Company tax assessment including various tax compliance and penalty for non-compliance

CSR activities

Deduction/Collection of tax at source

Minimum Tax including final settlement of tax liability and Advance payment of Tax

TDS

Practical company tax return form [latest form] fill-up from an audit report

Practical Withholding return form fill-up

Different type of notices and assessment procedure

Universal Self-Assessment

Procedure to submit return under USA

Tax audit and re-assessment

Tax Holiday

Penalty & prosecution

Appeal

Tribunal

Reference to High Court Division

Revision

ADR etc

Tax impact on the basis of residential status and Double Taxation Avoidance Agreement (DTAA)

Transfer Pricing principles

Determination of Arm’s length price

TP Methods

Determining the most appropriate method

Tax Heaven, BEPS and money laundering

Major changes of VAT through Finance Act 2021;

Important Definition and scope of Value added Tax (VAT);

Mapping of VAT Laws;

VAT registration, Fundamental of VAT, Registration-Form-2.1, Determination of VAT;

VAT Documentation and VAT Invoice

VDS Mechanism;

VAT Exempted Goods and Services;

Importation of Goods and Services;

VAT at Various stages on Goods and Services;

VAT rebate mechanism, Eligibility, Adjustment procedure, VAT on wastage items;

VAT books of accounts;

Input-output co-efficient details;

Schedules & Exemption SROs;

Preparation & Filing of VAT Return;

How to maintain Mushak Challan & all VAT Registers;

Advance Tax, Rebate and Refund and Adjustments

Deduction of VAT at source, truncated VAT, Procedure of deduction, Deducting Authority, Payment, offence,

VAT return details discussion;

VAT Compliance Calendar & Review Discussion;

Penalty and Appeal procedures;

VAT Implications for Business house, Manufacturer, Importer, Exporter, Trader, service provider, Not in any VAT product or service provider