Information Regarding Filing of Return by Employees: Your Annual Tax Compliance Guide
A new requirement under Schedule (Chha), Rule 15 of the Withholding Tax Rules 2024 mandates every employer to submit a statement to the tax circle each year containing information about their employees’ individual tax return filings. This obligation ensures that companies are keeping track of which employees have met their tax filing responsibilities and are […]
Are You Up to Date on Your Annual Salary Payment Statement
If you work in the accounts department and are responsible for processing employee salaries each month, you might not be aware of a crucial annual requirement: submitting a salary payment statement under Schedule (Cha), Rule 15 of Withholding Tax Rules 2024. Missing this can lead to penalties, so it’s essential to understand what’s required. Who […]
How IT businesses can pay zero taxes (the SECRETS you must know)?
Are you doing IT businesses in Bangladesh and paying taxes to the government? Do you know certain IT businesses are enjoying tax free benefit upto 2024? That means if your IT business falls under those categories then you can also pay zero taxes! But what are those IT businesses? As per paragraph 33, part A […]
How to Legally Save Tax in Bangladesh Using Tax Rebate
As taxpayers in Bangladesh, one of our biggest concerns is how to reduce our tax burden legally. Whether you’re a salaried employee or a business owner, understanding how to use tax rebate provisions can help you save a significant portion of your income. Interestingly, even the world’s richest individuals look for legal ways to minimize taxes. Elon Musk […]
Everything you should know about monthly tax return filing on TDS
Do you know in each month two statements shall require to submit to the tax circle on tax deducted or collected at sources? These two monthly tax return filing on TDS at prescribed format are provided under rule 18(7) and rule 21 of the Income Tax Ordinance 1984. If the statements are not submitted to […]