Tax in Bangladesh

A.S & Associates

The entire process is made smooth and stress-free’ at A.S & Associates, which acts for corporate and individual clients and remains busy providing regular tax management and compliance support services to its clients. Under the joint leadership of Mohammad Emrul Kayes and Mohammad Hasan Habib, the group regularly receives referrals from leading accountancy firms. The team covers a whole host of tax and VAT matters, such as helping clients with their monthly and quarterly tax returns. The versatile group provides transactional advisory services, as well as helping clients at tax hearings before the Deputy Commissioner of Taxes, the Taxes Appellate Tribunal and the High Courts. The group is also well-placed to advise on VAT appeals. Ferdausur Rahman is another key contact.

Responsables de la pratique:

Mohammad Emrul Kayes; Mohammad Hasan Habib


Autres avocats clés:

Ferdausur Rahman


Les références

‘Mr. Hasan Habib was always there to help me. It was clear that he had impeccable attention to detail and a strong understanding of risk assessment. His services are highly recommended for anyone who needs reliable tax assistance.’

‘Mr. Md. Emrul Kayes is highly skilled and perhaps the most hardworking, easy-going legal professional I have come across. His reach and knowledge within tax authority have proven to be extremely valuable for my business and securing compliance.’

‘I love working with Barrister Ferdaus. He’s incredibly knowledgeable. His excellent connections with other professionals make everything run smoothly. His strategic plan was instrumental in saving me time and money in relation to my company’s tax issue. He is always available.’ 

Principaux clients

ALS Farms Limited


CIELX


Global Routeway Consultants


Heroine BD


Jobaida Printing And Packaging Ltd


Mainspring Limited


M/S Joinpur Furniture


Optimus Limited


Pou Chen Group


Soorty Textiles LTD


Speed Track


Sidrah Foundation


Hyundai Oilbank Co., Ltd


IDLC Finance Limited


Imagine Radio


InfraCo Asia Development Pte. Ltd.


Infrastructure Development and Company Limited


Institute for Healthcare Improvement


International Corporate Protection Group Ltd.


Khaas Food Limited


Mayer Brown LLP


MBM Group


MCC (Singapore) Development Limited


Mitsui & Co Limited


Mostofa Metal Industries


Navana Electronics Limited


New Mileage (Hong Kong) Technology Limited


Nishimura and Asahi


NJS Consulting


Norinco Intl. Power Limited


NRB Bank Limited


Omnipresent Bangladesh Limited


Phoenix Finance Limited


Proton Holdings


Pubali Bank Limited


RPCL-Norinco International Power Limited


Saif Power Tech Limited


Sarens India Heavy Lifting Pvt Limited


Shah Fibbers Limited


Shaoxing Keqiao Douan Imp and Exp Co. Ltd.


Sheba Platform Limited


Principaux dossiers


  • Advised CIELX, a foreign-owned company, on the establishment of its business in Bangladesh in the most tax-efficient way.
  • Advised Soorty Textiles Ltd, a textile and apparel exporter from Pakistan and Bangladesh, on a transfer pricing dispute over raw material imports.
  • Successfully advised Mainspring Limited, an event management company, by obtaining a stay order from the tax appellate tribunal.

Doulah & Doulah

Amina Khatoon is at the helm at Doulah & Doulah, which has particular experience advising multinational corporations on their foreign investments. The team is skilled at handling tax matters that span multiple jurisdictions and covers a wide range of financing, corporate, tax and commercial issues. The practice regularly advises on diverse matters such as income tax, VAT, and customs-related issues in the context of domestic and international trade. The department is well-placed to advise on compliance issues for various entities and individuals in Bangladesh. In addition, it is skilled at handling tax litigation and advising on transfer pricing issues. A B M Nasirud Doulah is another name to note.

Responsables de la pratique:

Amina Khatoon


Autres avocats clés:

A B M Nasirud Doulah


Principaux clients

Bill & Melinda Gates Foundation


Walmart


JC Penney


General Electric


Hyatt Hotels


Miravet


Scatek Solar


Powerchina


CMEC


PepsiCo


Jafpa Comfeed


Principaux dossiers


  • Appointed by ITFAS, the sourcing entity of Kiabi Group, to restructure its local business model towards a tax-efficient model.
  • Conducted due diligence for Platinum Equity when it acquired a controlling stake in Hop Lun.
  • Advised a number of Singapore-based institutional investors in performing due diligence in connection with their subscription to BDT 22.5bn Beximco Green Sukuk.

The Law Counsel

The first-rate practice at The Law Counsel has considerable experience advising on income tax-related proceedings before the High Court Division. The group is regularly instructed to advise on other matters, such as tax withholding under the new Income Tax Act. In addition, it has a wealth of experience in advising smartphone companies on the VAT and tax regime in Bangladesh. It regularly appears in hearings before the Customs, Excise and VAT tribunals, as well. The firm’s partners are highly sought after for their knowledge of the VAT and Supplementary Duty Act.  Abdur Razzaq, Ehsan Siddiq and Imran Siddiq collectively head the department.

Responsables de la pratique:

Abdur Razzaq; Ehsan Siddiq; Imran Siddiq


Autres avocats clés:

Mohammad Shahnewaz


Les références

‘Very professional and with international standards. Very flexible and responsive to special local needs and emergencies of the customer. I recommend Mr. Mohammad Shahnewaz.’ 

The legal counsel team, renowned for its diverse expertise, excels in delivering high-quality services across complex banking, financial litigation, and advisory matters.’

‘Their technology-driven approach and collaborative spirit further enhance their effectiveness and client satisfaction.’

Principaux clients

Saudi Arabian Airlines 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)


POSCO Engineering and Construction Co. Ltd.


Hyundai Engineering and Construction Com. Ltd.


University of Asia Pacific


Principaux dossiers


  • Advised Cathay Pacific on the legality of a penalty which had been imposed by the customs authorities of Bangladesh.
  • Advised Saudi Arabian Airlines with regard to payment of Advance Income Tax and deduction of VAT at source in respect of services provided by independent contractors.
  • Advising Deloitte-Korea with regard to how ready-made garments exported from Bangladesh to Korea would have the requisite Regional Value Content (RVC) in order to benefit from the reduced customs duties available in Korea for LDCs.