MD. RAKIB HASSAN
Accounting, Compliance, VAT & Tax Expert (UK & BD) in Sylhet, Bangladesh
Category: NBR
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Introduction Receiving an income tax audit notice from the NBR is one of the most stressful experiences a taxpayer or business owner in Bangladesh can face. For many, it triggers immediate anxiety — even when their tax affairs are perfectly in order. The truth is: an income tax audit does not automatically mean you have…
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Introduction Paying your income tax in Bangladesh used to mean a trip to Sonali Bank, a physical challan form, a queue, and hoping the cashier stamped the right column. That experience is now largely in the past. The NBR’s e-payment system allows you to pay income tax, advance tax, and VAT online — directly from…
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Introduction Every year, millions of Bangladeshis need to file an income tax return — yet most people find the process confusing, delay it until the last week of November, and end up making avoidable mistakes. The good news: filing your tax return in Bangladesh has become significantly easier since the NBR launched its online filing…
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Introduction Whether you are opening a bank account, registering a trade licence, filing your income tax return, or starting a new business in Bangladesh, one document comes up every single time — the TIN certificate. Yet for most people — especially first-time applicants — the process feels unclear. What exactly is it? Who is legally…
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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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What is the difference between Turnover Tax and VAT in Bangladesh? In Bangladesh, standard Value Added Tax (VAT) is typically charged at 15% (with varying rates for specific sectors) and allows businesses to claim input tax credits. Turnover Tax is a flat, lower-percentage tax designed for smaller SMEs whose annual revenue falls below the mandatory…
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What is the difference between Turnover Tax and standard VAT in Bangladesh? In Bangladesh, standard VAT is generally charged at 15% and allows businesses to claim input tax credits (rebates) on their purchases. Turnover Tax is a simplified 4% flat tax designed for small enterprises with an annual revenue below BDT 3 Crore. However, businesses…
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What is TDS and VDS compliance in Bangladesh? TDS (Tax Deducted at Source) and VDS (VAT Deducted at Source) are mandatory withholdings required by the National Board of Revenue (NBR). Corporate entities in Bangladesh must deduct specific tax percentages from vendor payments, salaries, and rent, and deposit these funds directly to the government treasury using…
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How can businesses automate NBR VAT compliance in Bangladesh? Businesses can automate NBR VAT compliance by integrating their cloud accounting platforms with custom low-code solutions. Using tools like Google Apps Script, companies can automatically calculate Tax Deducted at Source (TDS) and VAT Deducted at Source (VDS) from daily transactions, ensuring accurate, error-free monthly filings with…