Compliances for a private limited or subsidiary company in Bangladesh becoming more stringent than ever before. Apart from the annual compliances, there are number of compliances on monthly, quarterly and half-yearly basis as below:
Annual Compliances
Company Affairs (Companies Act 1994)
  • Statutory auditing; – Holding annual general meeting; – Annual RJSC return filing;
Income Tax (Income Tax Ordinance 1984):
  • Filing of annual tax return u/s 75;
  • Filing of annual return of salary TDS statements u/s 108;
  • Filing of annual return of employee annual tax return submission details u/s 108A;
  • Renewal of Tax Exemption Certificate (for tax exempted company);
Value Added Tax/ GST (VAT & SD Act 2012):
  • Collection of VAT clearance certificate;
Renewal of Business Licenses:
  • Renewal of Trade License;
  • Renewal of trade body membership (if any);
  • Renewal of Import & Export Registration Certificate (if any);
  • Other industry related licenses (if any);
Half-Yearly Compliances
Income Tax (Income Tax Ordinance 1984):
  • Filing of half-yearly TDS/withholding tax return submission u/s 75A
Quarterly Compliances
Foreign Direct Invest Reporting:
  • Un-audited quarterly financial statements;
  • Filing of quarterly F1 reporting to Bangladesh Central Bank.
Monthly Compliances
Income Tax (Income Tax Ordinance & Rule 1984):
  • Withholding tax / tax deducted at source (TDS) on regular basis as and when payment made or create payable
  • Treasury deposit of TDS; Issuance of withholding certificate
  • Filing of suppliers’ TDS statements under rule 18
  • Filing of salary TDS statement u/r 21
  • Day to day transaction compliances
Value Added Tax/ GST (VAT & SD Act 2012):
  • Deceleration of Input-Output Co-efficient whenever the price or cost changes +/-7% from the latest declared price/cost;
  • Issuance of VAT 6.3 (Tax Invoice) on regular basis;
  • Maintenance of VAT record keeping on regular basis;
  • Withholding VAT / VAT deduction at source (VDS) when make suppliers’ payment;
  • Treasury deposit of VDS;
  • Issuance of VDS certificate (VAT 6.6);
  • Filing of monthly VAT return (VAT 9.1);
  • Declaration for transactions which are above BDT 200K.

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