11.2. Annual Corporate Filings and Deadlines

In Bangladesh, companies are mandated to adhere to annual filing and reporting obligations as stipulated by the Companies Act of 1994. Key requirements include the submission of annual financial statements, tax returns, and other statutory documents to regulatory bodies such as the Registrar of Joint Stock Companies and Firms (RJSC), the National Board of Revenue (NBR), and the Bangladesh Securities and Exchange Commission (BSEC). Timely compliance with these obligations is crucial to maintain corporate governance standards and avoid legal repercussions, including fines and potential cancellation of business licenses. For instance, the deadline for filing monthly Withholding Tax (WHT) returns has been extended from the 15th to the 25th of each month under the new Income-tax Act, 2023. Adherence to these deadlines ensures transparency and accountability within the corporate sector.