Contact Us
Great things in business are never done one. They're done by a team of people.
INCOME TAX AND VALUE ADDED TAX SERVICES
An effective tax management provides a distinct competitive advantage for the business environment. An application of appropriate tax strategies to be identified proactively and implemented surgically. Our professionals have years of deep industry experience, specialist skills, knowledge, and resources.
We assist current and potential investors to lead their business in an efficient and effective manner with a robust, talented, and dynamic specialized tax team we have, who can give you solutions in many complex tax matters like Bangladesh inbound tax advisory, income tax returns,withholding taxes and identification and measurement of an uncertain tax position.
How we can help you to save money
- Strategic tax planning
- Avoiding tax penalties
- Legal representation in tax disputes
- Claiming tax deductions and credits
Common tax problems and how we can resolve them
- Incorrect tax assessments
- Missed tax deadlines
- Audit issues
Tax planning Vs Tax preparation
- Tax planning: Involves creating a strategy to minimize tax liabilities over time through various legal means, such as deductions and credits.
- Tax preparation: Ensures your tax returns are filed accurately and on time.
The cost of hiring an income tax consultant and return on investment
- Reduced tax liability
- Avoidance of fines and penalties
- Tax dispute resolution
How income tax advisor or consultant assist with tax audits
- Documentation
- Representation
- Audit defense
How to prepare for a consultation with an income tax consultant
- Gather financial documents
- List your concerns
- Know your objectives
Benefits of hiring us as VAT consultant
- VAT compliance
- VAT filing and documentation
- Reducing VAT liabilities
VAT regulations and how a consultant can help
- Stay compliant
- Reduce VAT liabilities
- Handle VAT audits
TAXATION ADVISORY
Empowering your financial future through strategic tax guidance.
Tax advisory services in Bangladesh, essential for individuals and businesses, seeking expert guidance in navigating the intricacies of the Country’s tax landscape.
Our team of qualified professionals specializes in delivering tailored tax solutions designed to ensure compliance with regulations while optimizing tax efficiency.
At HHM Associates, we offer a comprehensive range of Tax Advisory Services aimed at addressing the unique needs of our clients. Our strategic Tax Planning Services are tailored to help Individuals and Businesses, to minimize tax liabilities, maximize savings, and achieve their financial goals within the framework of the Tax Law.
Corporate tax planning:
We offer comprehensive support in the following areas:
Individual tax planning:
Our consultancy extends, tailored to meet individual financial objectives:
VAT ADVISORY:
A radically growing arena, becoming of increased significance everyday. Our advisory services related to VAT range across the areas:
With HHM Associates, clients can rely on our expertise and guidance, to navigate the complexities of the tax system, mitigate risks, and achieve greater financial stability and success.
DIRECT TAX COMPLIANCE
A. NATIONAL TAX:
E-TIN:
Day-to-day compliance:
Monthly compliance:
Quarterly compliance:
Annual compliance:
Representation before tax authorities:
Company tax rates in bangladesh (2024-2025):
- Private limited company: @ 27.5% / 25%
- Publicly traded and listed company in stock exchanges: @20% / 22.5% OR 22.5% / 25%
- One-person Company: @ 22.5% / 20%
- Bank, insurance and non-banking financial institution (Publicly traded/ Non-Publicly traded): @ 37.5% / 40%
- Merchant Bank: @ 37.5%
- Mobile phone operator company (Publicly traded/ Non-Publicly traded): @ 45%
- Cigarette and Tobacco product manufacturing company: @ 45% +2.5% surcharge
B. INTERNATIONAL TAX
Optimizing tax strategies across borders.
International taxation in Bangladesh, pertains to the taxation framework, governing income derived by individuals and businesses, from sources beyond the nation’s borders. Governed by domestic legislation, tax treaties, and regulations, this system aims to facilitate cross-border commerce and investment while deterring tax evasion and ensuring compliance.
The concept of ‘multinational’ now encompasses entities of various sizes, each facing considerable tax implications amid global expansion endeavors. The intricacies of national and international tax laws often pose challenges for companies seeking to optimize global market opportunities for profitability. Hence, engaging with an adept firm capable of elucidating the impact of these tax regulations on business operations and cross-border transactions becomes essential.
We specializes in delivering bespoke international tax solutions tailored to Bangladesh-based enterprises already engaged in or contemplating expansion overseas, as well as foreign entities seeking entry into the Bangladesh market.
The concept of ‘multinational’ now encompasses entities of various sizes, each facing considerable tax implications amid global expansion endeavors. The intricacies of national and international tax laws often pose challenges for companies seeking to optimize global market opportunities for profitability. Hence, engaging with an adept firm capable of elucidating the impact of these tax regulations on business operations and cross-border transactions becomes essential.
We specializes in delivering bespoke international tax solutions tailored to Bangladesh-based enterprises already engaged in or contemplating expansion overseas, as well as foreign entities seeking entry into the Bangladesh market.
Transfer pricing:
Expatriate tax services:
For individuals working internationally planning to relocate to Bangladesh, we provide:
Alternatively, if you are considering relocating from Bangladesh, our extensive international network can provide:
PERSONAL (INDIRECT) INCOME TAX
Personal Income Tax in Bangladesh, crucial aspect of the Country’s fiscal system, primary source of revenue for the government, governed by the Income Tax Act, 2024, and subsequent amendments, framework encompasses various income streamsincluding salaries, interest on securities, house property, business or profession, profits, capital gains, and other sources of income.
Individual taxpayers in Bangladesh are categorized based on their income levels into different tax brackets, each subject to progressively higher tax rates. Tax year in Bangladesh runs from 1stJulyto 30thJune. Taxpayers required to file their annual income tax returns by the Tax Day30thNovember each year.
To facilitate compliance and ensure accuracy, the NBR periodically issues guidelines, circulars, and notifications clarifying tax obligations and procedures. Taxpayers are also entitled to various deductions, exemptions, and reliefs under the tax laws, aimed at promoting savings, investment, and social welfare.
Compliance with personal income tax regulations is essential for individuals to fulfil their civic responsibilities and avoid penalties or legal ramifications. Additionally, effective tax planning strategies can help individuals optimize their tax liabilities, maximize savings, and achieve their financial goals within the ambit of the law.
E-TIN:
VAT COMPLIANCE
Compliance with VAT regulations in Bangladesh entails strict adherence to the VAT laws established by the NBR. Since the enactment of the VAT and SD Act 2012 on 1st July 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.
Our common Indirect Tax (VAT) Compliance Services outlined below:
VAT Registration:
Day-to-day compliance:
Monthly compliance:
VAT compliance review and audit support:
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.
International mergers and acquisitions (M&A):
We play a pivotal role in international M&A transactions:
Our expertise enables clients to comprehend the Tax implications of cross-border transactions and structure deals in a tax-efficient manner, thereby maximizing value and minimizing risks.
Choose the right income TAX and VAT consultant for your needs
Choose us as income TAX and VAT consultant as:
Conclusion
Employing a Bangladesh income tax consultant offers you significant financial benefits. We expertly handle TAX and VAT obligations, withholding, and audits, crafting strategies to minimize liabilities and ensure compliance. Expertise in TIN and BIN (VAT) management and tax holidays is vital. We reduce your penalty risks and provide robust legal representation in disputes like double taxation. Beyond tax, we offer related services, making you a valuable asset. While there are costs, the long-term savings and legal security justify the investment in Bangladesh’s complex tax landscape.