A.S & Associates' tax team, which has ‘real sector knowledge and expertise', forms part of the wider firm’s corporate practice and has a strong international presence. According to one client, ‘the international networking and experience that the firm has is an attractive point, as it not only assures me of their quality and standard, but also reliability and proven experience.’ Dewan Faisal sits at the helm of the practice and has substantial experience in both corporate and tax matters. Experienced practitioner Ferdausur Rahman is another key name to note and is a compliance and investment strategy specialist.
Tax in Bangladesh
A.S & Associates
Responsables de la pratique:
Dewan Faisal
Autres avocats clés:
Ferdausur Rahman
Les références
‘The team has real sector knowledge and expertise. Additionally, they also have practical knowledge of the processes of the regulatory authorities.’
‘Ferdausur Rahman is the go-to partner. He understands business needs very well and focuses his advice accordingly.’
‘Diligent in terms of evaluating the case and they provide holistic solutions for clients.’
Principaux clients
American & Efrid (Bangladesh) Ltd.
Ace Advisory
Alcon
ALS Firms Limited
Amzi & Associates
APM Global Logistics Bangladesh Limited
Banco Securities Limited
Beijing Deheng Law Firm
Beijing Kangda Law Firm
Bangladesh Clinical Trials Limited
Benetton
Bangladesh Freight Forwarders Association
Bangladesh Power Development Board
Bird & Bird LLP
Cactus Materials Limited
Capital Alliance Limited
Khazana Dhaka Limited
Hector Global Limited
China Railway Engineering
IFC
Principaux dossiers
- Assisted IFC with its support for the Government of Bangladesh and Bangladesh Bank in establishing a dedicated state-owned asset management company.
- Advised Hector Global Limited on establishing its business in Bangladesh in the most tax efficient manner.
- Assisted Khazana Dhaka Limited with restructuring the accounts of the company in a legally compliant manner to ensure minimum tax liability.
Doulah & Doulah
Practice head Amina Khatoon, well supported by associate Ariful Islam, is the leader of at Doulah & Doulah‘s tax team. The group in Dhaka provides clients with a one-stop shop and sits within the firm’s finance department, acting on large-scale, high-value transactions of a cross-border nature. It has strong knowledge of the tax system in Bangladesh, particularly tax exemption laws. Sector wise, recent areas of interest for the team include the manufacturing and banking industries. Construction and infrastructure have also been growth areas for the team.
Responsables de la pratique:
Amina Khatoon
Autres avocats clés:
Ariful Islam
Les références
‘Amina Khatoon is the leader of this tax exemption team. Throughout the whole process she gave professional guidance which helped a lot.’
‘The tax system in Bangladesh is really complicated and it is very difficult to get tax exemption. Under their professional assistance, we did.‘
Principaux clients
Bill & Melinda Gates Foundation
Walmart
JC Penney
General Electric
Hyatt Hotels
Miravet
Scatek Solar
Powerchina
CMEC
PepsiCo
Jafpa Comfeed
Principaux dossiers
- Advised a number of Singapore based institutional investors on performing due diligence in connection to their subscription to BDT22.5bn Beximco Green Sukuk.
- Assisted Platinum Equity with tax due diligence regarding a successful acquisition of a controlling stake in Hop Lun with a number of manufacturing plants in Bangladesh.
- Assisted POSCO with completing tax due diligence for an EPC contract being executed with respect to a thermal plant under construction.
TANJIB ALAM & ASSOCIATES
TANJIB ALAM & ASSOCIATES often acts as local counsel for sellers in the acquisition of majority shares of large companies, and frequently handles tax matters related to this. The group is active in issues which run the gamut of tax law, including contentious matters. The firm more widely has substantial experience appearing before the High Court Division, especially regarding matters surrounding tax planning and structuring to avoid tax exposure. Tanjib-Ul Alam and Kazi Ershadul Alam are at the helm, and they are ably supported by Nazmun Islam, who is a standout practitioner for tax matters in the property sector.
Responsables de la pratique:
Tanjib-ul Alam; Kazi Ershadul Alam
Autres avocats clés:
Nazmun Islam
Principaux clients
bKash Limited
United Group
Grameenphone Limited
Marico Bangladesh Limited
STS Holding Limited
Hapag Lloyd AG, Germany
Robi Axiata Limited
Ocean Network Express Bangladesh Limited
Dhaka Stock Exchange Limited
Summit Group
The Law Counsel
Abdur Razzaq, Ehsan Abdullah Siddiq, and Imran Siddiq jointly chair the VAT and tax department at The Law Counsel. This is, in the words of one client, ‘one of few law firms in Bangladesh that has the capability, skill, knowledge and English language ability to advise and handle legal disputes effectively for overseas clients’. The team regularly appears before the High Court, and practitioners in the team have advised major international brands on the applicable tax regime in that country. More broadly, the group’s ‘experience in providing legal services to public authorities and corporations stands out'.
Responsables de la pratique:
Abdur Razzaq; Ehsan Siddiq; Imran Siddiq
Les références
‘The educational background, training, and relevant experience in providing legal services to public authorities and corporations stands out. Moreover, The Law Counsel is the most credible law firm in regard to its sincerity and honesty, in my opinion.’
‘The Law Counsel is one of few law firms in Bangladesh that has the capability, skill, knowledge and English language ability to advise and handle legal disputes effectively for overseas clients.’
Principaux clients
Saudi Arabian Airlines Ltd.
S. Alam Steel Mills Ltd.
Cathay Pacific (Hong Kong)
Cisco Systems Inc, USA
Walmart Inc., USA
Deloitte Customs Korea LLC
IMO
Bigo Technology (Pte) Limited
Summit Alliance Port Limited
Rosatom (Russia)
Principaux dossiers
- Advised Cathay Pacific on the legality of a penalty imposed by the customs authorities of Bangladesh in respect of the import of a spare wheel by the airlines.
- Advised Saudi Arabian Airlines on the payment of Advance Income Tax and deduction of VAT at source in respect of services provided by independent contractors.
- Advising Deloitte-Korea on how ready-made garments exported from Bangladesh to Korea would have the requisite Regional Value Content in order to benefit from the reduced customs duties available in Korea for LDCs.
Vertex Chambers
Vertex Chambers, which was formed in 2011 and continues to increase its market presence in Bangladesh, is run by managing partner Junayed Ahmed Chowdhury. Associate Maliha Ahmed advises clients in a range of countries, such as Australia, Switzerland, and the United States of America. Asif Bin Anwar, who previously merged his solo practice with Vertex Chambers, is a key name to note in the team for appearing in courts, and Ahmed is an advocate of the district and sessions judge court in Dhaka. Sector strengths for Chowdhury, and the wider group, includes the aviation, construction, energy, environment, and corporate sectors.
Autres avocats clés:
Junayed Ahmed Chowdhury; Sajeda Farisa Kabir; Tanvir Quader
Principaux clients
Al Barak Dates Factory LLC
Unilever Bangladesh Limited
Bay Developments Limited
World Bank Group
International Finance Corporation
Compassion International
SAJIDA Foundation
British American Tobacco Bangladesh
Marico Bangladesh Limited
Teach For Bangladesh
The City Bank Limited
Asiatic 3sixty
GE Medical Systems Bangladesh Limited
Louis Dreyfus Company
PricewaterhouseCoopers India
Refinitiv Limited
Standard Chartered Bank Bangladesh
Accord Shipping Limited
PRAN Foods Limited
Southeast Bank Capital Services Limited
Grameenphone
Fondation Hirondelle
Institute of Architects Bangladesh
Jumo Bangladesh Ltd
Migrant Offshore Aid Station
Norwegian Refugee Council
Mutual Trust Bank Limited
RDRS
Deltex Ltd.
KRD Ventures Ltd
Southtech Limited
Excelerate Energy Bangladesh Limited
Teach For Bangladesh
Young Life
Giasuddin Selim
BRAC University
Shirin Spinning Mills Ltd.
Pinsent Masons LLP
Daraz Bangladesh Ltd.
Japan International Co-operation Agency
MSI Reproductive Choices
M/S Poton Traders
Cross World Power Limited
Doreen Power Generations and Systems Limited
Shopfront Limited
Principaux dossiers
- Advised a client on structuring a transaction which included the Islamic finance product, Sukuk al Musharaka (partnership sukuk) to capitalise on relevant tax benefits currently awarded by the Government of Bangladesh to Islamic finance products.
- Advised a client on the process of ADR and the interpretation of composite or works contract in light of the former and current value added tax laws of Bangladesh.
- Representing a client in the taxation law relating to worker’s profit participation fund in light of the Income Tax Ordinance 1984 and Bangladesh Labour Act 2006.