Tax returns and compliance

  • April 17, 2017
  • TAX
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For Residents

After 30th June of every year within 30 September of every year, every resident and non-resident Bangladeshi assignee has to submit Income Tax Return in Bangladesh for the income earned during the period from 01 July to 30 June, if the income exceeds certain amount (BDT 2,50,000 per year, in general, BDT 3,00,000 per year for woman and the assignee aged more than 65) or the assignee was assessed any of the previous three years. Before submitting Income Tax Return in Bangladesh, an assignee has to obtain e-TIN (electronic tax identification number) in Bangladesh. Tax authority by its own discretion may extend the deadline for two to three months.

For Non-residents

In terms of non-resident (except non-resident Bangladeshi), compliance requirement for tax return in Bangladesh is same as like as resident. Additionally, non-resident foreigner has to obtain work permit and SB & NSI clearance certificate for extension of work permit (if the assignee comes through A3 or E1 visa then work permit will not be required. Then visa copy itself will be considered work permit). The person has to obtain e-TIN in Bangladesh for submission of Tax return.

 

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