MD. RAKIB HASSAN
Accounting, Compliance, VAT & Tax Expert (UK & BD) in Sylhet, Bangladesh
Category: BD VAT
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Written by Md Rakib Hassan — Income Tax Practitioner with 10+ years of tax compliance and audit experience across Bangladesh and the UK. Former accounts manager at a UK chartered accounting firm managing 1,000+ clients, with direct experience resolving multi-year tax audit disputes with HMRC and the NBR. Currently Finance Controller at a UK-based multinational…
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Written by Md Rakib Hassan — Income Tax Practitioner with 10+ years of tax compliance and audit experience across Bangladesh and the UK. Former accounts manager at a UK chartered accounting firm managing 1,000+ clients, with direct experience resolving multi-year tax audit disputes with HMRC and the NBR. Currently Finance Controller at a UK-based multinational…
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Written by Md Rakib Hassan — Income Tax Practitioner with 10+ years of tax compliance and audit experience across Bangladesh and the UK. Former accounts manager at a UK chartered accounting firm managing 1,000+ clients, with direct experience resolving multi-year tax audit disputes with HMRC and the NBR. Currently Finance Controller at a UK-based multinational…
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Every VAT-registered business must maintain two foundational books. Mushak 6.1 and 6.2 books Bangladesh — the Purchase Account Book and Sales Account Book — feed the monthly Mushak 9.1 return and provide the primary audit trail for NBR. Purpose of Mushak 6.1 and 6.2 Books Bangladesh The Mushak 6.1 and 6.2 books Bangladesh are not…
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Written by Md Rakib Hassan — Income Tax Practitioner with 10+ years of compliance and audit experience across Bangladesh and the UK. Former accounts manager at a UK chartered accounting firm handling 1,000+ clients, with hands-on experience resolving multi-year audit disputes with HMRC and the NBR. Currently Finance Controller at a UK-based multinational tech group.…
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What is VDS and TDS in Bangladesh? In Bangladesh, VDS (VAT Deduction at Source) and TDS (Tax Deduction at Source) are mandatory withholding taxes. When a business pays a vendor for specific goods or services, they are legally required by the NBR to deduct a percentage of the invoice amount and deposit it directly to…
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Why is process management important in an accounting department? Process management in an accounting department eliminates bottlenecks and reduces financial reporting times. By implementing smart task delegation, structured staff training, and automated tools, businesses in Bangladesh can process high transaction volumes efficiently while ensuring perfect compliance with National Board of Revenue (NBR) deadlines. Scaling Your…
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What is an internal financial audit for a business? An internal audit is a proactive financial review that identifies VAT anomalies, tax calculation errors, and compliance gaps before an official regulatory audit occurs. It protects businesses from heavy financial penalties, rectifies historical accounting mistakes, and ensures operational efficiency for companies in Bangladesh. Protecting Your Business:…
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What is a Mushak 6.6 VDS certificate in Bangladesh? A Mushak 6.6 is the official VAT Deducted at Source (VDS) certificate in Bangladesh. When a corporate buyer deducts VAT from a supplier’s invoice, they must deposit the funds to the treasury and issue a Mushak 6.6 to the supplier. The supplier legally requires this certificate…
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What is a Mushak 9.1 VAT return in Bangladesh? The Mushak 9.1 is the mandatory monthly Value Added Tax return required by the National Board of Revenue (NBR). Corporate entities in Bangladesh must file this document online by the 15th of every month. It serves as a comprehensive summary of total monthly sales, eligible input…