Company Annual Maintenance in Bangladesh made simple..
No more nightmares. Say hello to hassle-free bookkeeping, accounting, tax, VAT, and payroll services in Bangladesh.
Stay on top of critical deadlines with Compliance Calendar
Meet deadlines
We’ll alert you in advance of any due fillings tax deadlines so they don’t slip your mind.
Avoid penalties
Ensure you don’t get hit with late penalties that could set your business back.
Stay compliant
We keep track of important dates so that you can keep your business in good standing.
1. Accounting & Reporting
| Activity | Relevant Authority | Frequency | Due Date |
|---|---|---|---|
| Filling of Audited Financial Statements | RJSC | Annual | Within 21 days of Annual General Meetings |
| Foreign Direct Investment | Bangladesh Bank | Half yearly | Twice a year by the scheduled bank. July 31st & January 31st |
| Interest Return | National Board of Revenue (NBR | Annual | 31 August of each year |
| Dividend Return | National Board of Revenue (NBR | Annual | 31 August of each year |
2. Payroll Management
| Activity | Relevant Authority | Frequency | Due Date |
|---|---|---|---|
| Employer must ensure monthly deduction of tax from salary as per applicable laws | National Board of Revenue (NBR) | Monthly | Within two weeks from the end of the month of deduction |
| Salary Return Under Section 50 (Rule 21) | NBR | Monthly | Within 20 days of next calendar month |
| Salary Return Under Section 108 | NBR | Annually | 31 August of each year |
| Salary Return Under Section 108A | NBR | Annually | 30 April of each year |
| Salary Certificate | NBR | Annually | 31st July |
2. Employer must ensure all employees file their annual tax return by 30th November
3. Tax Compliance – Direct Tax
| Activity | Relevant Authority | Frequency | Due date | |
| Tax Deduction at Source from Payments (Expense) | National Board of Revenue (NBR) | Regular | Deduction in July to May | Within two weeks from the end of the month of deduction |
| Deduction in the first twenty days of June | Within seven days from the day of deduction | |||
| Deduction in any other days of June except last 2 working days | On the next following day | |||
| Deduction made on last 2 working days of June | On the same day | |||
| Monthly Withholding Tax Return except salary (Rule -18) | NBR | Monthly | Within 20 days of next calendar month | |
| Return of Withholding Income Tax u/s 75A | NBR | Half yearly | Within 31 January and 31 July of each year | |
| Corporate Income Tax Return u/s 75 | NBR | Annual | Within the fifteenth day of the seventh month following the end of the income year or the fifteen day of September following the end of the income year where the said fifteenth day falls before the fifteenth day of September | |
| Withholding Tax Certificate | NBR | Monthly | Within 2 weeks of the month following the month of deduction or the earliest | |
4. Tax Compliance – Indirect Tax
| Activity | Relevant Authority | Frequency | Due date |
|---|---|---|---|
| VAT Deduction at Source from Payments | Customs, Excise & VAT Commissionerate | Regular | Within 15 days of payment of Consideration to vendor |
| VAT Deduction Certificate | Customs, Excise & VAT Commissionerate | Regular | Within three days of receiving the VAT challan from Government treasury |
| VAT Return | Customs, Excise & VAT Commissionerate | Monthly | Within 15 days of next calendar month |
| Annual Audited Report | Customs, Excise & VAT Commissionerate | Annual | Within 6 Months of the end of financial year |
5. Secretarial Compliance
| Activity | Authority | Frequency | Due date |
|---|---|---|---|
| Board Meetings, Share Issuance, Share Transfer, | RJSC | Quarterly/60 Days as applicable | As per the Companies Act 1994, a company must hold minimum one Board Meeting each calendar quarter. |
| Authentication of Balance Sheet and Profit & Loss accounts | RJSC | Annually | The balance sheet and the profit & loss account shall be approved by the board of directors before they are signed on behalf of the Board and are submitted to the auditors for their report. |
| Annual General Meeting | RJSC | Annually | Within 18 months from the date of incorporation. The time gap between one AGM and the next shall, in no case, exceed 15 months. |
| Balance Sheet and Profit & Loss | RJSC | Annually | Within 30 days from the end of each AGM |
| Annual Company Return (Schedule X) Filing | RJSC | Annually | Within 21 days of holding the Annual General Meeting |
| Trade License Renewal | City Corporation /Pouroshova/Unionparishad | Annually | After 30 June each year |
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