Foreign Direct Investment (FDI) is a powerful tool that can help boost Bangladesh’s economy and play a crucial role in achieving the country’s socio-economic objectives, including poverty reduction. Over the past decade, global financial and trade flows have undergone significant changes, with FDI experiencing a surge alongside other shifts. The country’s growth statistics are impressive, […]
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Foreign Direct Investment (FDI) is a type of cross-border investment where an investor residing in one country establishes a lasting interest in and significant influence over an enterprise dwelling in another economy. Foreign direct investment (FDI) is a crucial conduit for exchanging technology between nations, facilitates international trade by providing access to foreign markets, and
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As part of the ongoing tax reforms, the National Board of Revenue (NBR) has taken a significant step by releasing the much-awaited tax return form for the assessment year 2023 – 2024, “IT-GA (2023)”. This new form aligns with the recently implemented Income Tax Act-2023 (ITA-2023) and aims to simplify the tax filing process for
New Tax Return Form Released by NBR: Download Now! Read More »
The Government of Bangladesh has enacted a new Income Tax Act, 2023, repealing the Income Tax Ordinance, 1984. The Jatiya Sangsad (National Parliament) passed the new Act and gazetted it on June 22, 2023. This significant development is aimed at modernizing and streamlining the country’s income tax system, promoting transparency, and fostering a business-friendly environment.
“Income Tax Act, 2023” Bangladesh Enacts New Law Read More »
Introduction This comprehensive analysis delves into the intricacies of the proposed National Budget for 2023-24 Bangladesh. Presented by Finance Minister AHM Mustafa Kamal on June 1, 2023, the budget sets forth a vision of “Towards Smart Bangladesh: Sustaining the Development Achievements in a Challenging World.” Our goal is to provide a detailed budget overview, highlighting
Analysis of Proposed National Budget 2023-24: Towards Smart Bangladesh Read More »
The National Board of Revenue (NBR) has recently introduced the “Income Tax Return Preparer Rules, 2023,” marking a significant development in the tax landscape. These rules aim to streamline the income tax return preparation process and enhance transparency for tax professionals and taxpayers alike. The new rules bring a new door for freelance lawyers and
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If you’re planning to expand your business in Bangladesh, one of the first steps is to register your company. Foreign company registration in Bangladesh can be a complex process, but it can be done smoothly with the right guidance. In this guide, we’ll cover everything you need to know about foreign company registration in Bangladesh,
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The name of this company implies that just one individual may register it. This person is the only one who owns shares in the company. One Person Company (OPC) is well-known and accepted in many countries. However, this is a new idea in Bangladesh. Instead of a sole proprietorship, One Person Company (OPC) will benefit
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The High Court has recommended making significant amendments to the current company law to lift Bangladesh to the status of a developed nation after observing that the Companies Act of 1994 needs to be more enforceable in many situations. Moreover, it has recommended taking the necessary measures to set up one Company Appellate Tribunal in
According to the Fire Prevention and Extinction Act of 2003 and the Fire Prevention and Extinction Rules of 2014, all factories are obliged to get a Fire License in Bangladesh. The Bangladesh National Building Code, 2006 also plays a significant part in acquiring a fire License Certificate in Bangladesh. These laws and regulations are regulatory
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