Compliance with Value Added Tax (VAT) regulations in Bangladesh entails strict adherence to the VAT laws established by the National Board of Revenue (NBR). Since the enactment of the VAT and SD Act 2012 on July 1, 2019, there have been significant changes in VAT compliance and administration. The evolving landscape of VAT laws necessitates continuous vigilance from businesses, prompting them to adapt their systems and processes accordingly.

Outlined below are common indirect tax (VAT) compliance services provided by us:

VAT Registration: Our services include guiding businesses through the VAT registration process with the National Board of Revenue (NBR) in Bangladesh. This foundational step involves preparation and submission of requisite documentation and forms to obtain a unique Business Identification Number (BIN).

Day-to-Day Compliance: We aid businesses in VAT calculation by reviewing invoices, determining applicable VAT and VDS (VAT Deduction at Source), submitting payments to government authorities, and meticulously maintaining transaction records and relevant documents via the mandatory VAT registers. We also assist in filing of input-output coefficient for businesses as and when necessary.

Monthly Compliance: Our assistance extends to the preparation of monthly VAT returns, encompassing the compilation of treasury challans and timely submission of returns by the 15th of the subsequent month.

VAT Compliance Review and Audit Support: We conduct comprehensive reviews of businesses' VAT compliance practices to identify potential issues or areas for enhancement. Additionally, we provide support to businesses undergoing VAT audits by regulatory authorities.

Our team of experienced indirect tax professionals offers unparalleled support in all these areas. We are committed to maximizing the compliance potential of businesses by leveraging the expertise and knowledge of our professionals to ensure VAT compliance and mitigate the risk of penalties or liabilities associated with non-compliance.