We assist individuals and companies in properly filing their income tax returns and
complying with the tax regulations set by the National Board of Revenue (NBR),
Bangladesh. This includes providing guidance on tax law compliance, preparation of tax
statements, and ensuring proper tax calculation. Mahbub & Associates specializes in
areas like individual and corporate income tax, salary tax, property tax, agricultural
income tax, and other taxable incomes. We also offer consultancy for preparing and
submitting tax returns efficiently.
We help individuals Tax return submission , Tax calculation , Solve Audit File, Appeal against DCts
Assessment to the Joint commissioner , Tribunal to the Tax Appellate Tribunal against Appeals order. We
assist Tax payers Investment or Deposit which is rebate able . their income tax returns. This includes
professionals like salaried employees, business owners, Agriculture income, Security income, Capital
gain, rent Income and others. Our services also cover digital and paper-based tax returns, ensuring
compliance with tax laws.
For registered or unregistered companies or Foreign companies we provide services like preparation of annual Financial Statement, Source Tax Return submission, Annual Financial report Audit arrangement, tax return Submission etc, annual audits, and assistance in company tax-related cases. We also help
maintain proper financial records, file returns, and ensure tax compliance.
We Manage & Support Audit firm for Financial Statement Audit our partners CA Firms. We Appointed & Communicate CA Firms who are professionals partners & Colleague.
We help manage trusts by ensuring compliance with regulations. This includes managing trusts established by individuals or companies, such as charitable trusts or shareholding trusts, which hold over 25% ownership in a company. We also assist in
establishing new trusts and maintaining their operational compliance.
Anyone coming to Bangladesh or its representatives, specifically through an Exclusive Economic Zone
(EEZ), is considered part of international transfer pricing. The transfer pricing regulations apply to pricing
adjustments for goods, services, operational resources, and work allocation responsibilities transferred
within the country. Determining fair prices for these transfers is mandatory. It ensures compliance with
international standards of valuation and transfer pricing regulations. Additionally, issues like allocation,
transfer, or pricing of goods within the country have been extensively addressed in the accounting framework. Officials are focusing on ensuring that pricing, transfer agreements, and valuation comply
with global standards.
Both local and international transfer pricing regulations are being closely monitored. The government of
Bangladesh is working to ensure compliance with the preparation and submission of transfer pricing
reports. This includes the determination of valuation methods and the preparation of necessary financial
statements. Tax Return (Transfer Pricing) submission & discussion with transfer pricing officer & resolve
legal function with stress free.
Earlier, transfer pricing regulations for government institutions, private companies, and autonomous
entities were often neglected. However, regulatory authorities are now more vigilant. Both government
and non-government organizations must strictly adhere to transfer pricing regulations. Tax authorities
have extended support to organizations seeking clarity regarding implementation.
The government has established over 100 economic zones across the country to boost industrial
expansion and attract local & Foreign investment. These zones offer benefits to domestic and foreign
investors, including exemptions and simplified regulations. Investors can establish operations in joint
ventures or other forms and enjoy the necessary support for their success. The government provides
these incentives to encourage new businesses and ensure transparent financial reporting.
The taxation system has been updated to facilitate smoother procedures, including providing exemptions where necessary. Tax policies aim to minimize difficulties for organizations while ensuring they adhere to the law. These updates aim to reduce tax burdens on specific industries while ensuring fairness and regulatory compliance.
Taxpayers often invest their excess money in different sectors instead of keeping it idle.
They invest in areas such as insurance, digital platforms, equity shares, bonds, mutual
funds, and projects under joint ventures. Before making any investment, individuals
need to carefully analyze various factors, including possible risks and potential returns.
Investment decisions must also consider aspects like economic conditions, currency
value, inflation, and market fluctuations.
Before investing, individuals should consult advisors or conduct proper research. Our
responsibility is to provide solutions and recommendations for smooth and secure
investments. We are always prepared to help individuals by offering advice and
effective services.
If a taxpayer disagrees with a tax decision or assessment, they can appeal to the higher
tax authorities or tribunals. The process allows taxpayers to present their case and
request corrections. If dissatisfied with the tribunal’s decision, they can proceed to
higher courts or take legal action. We are prepared to represent individuals at all stages of this process and provide complete guidance to resolve disputes effectively.
If a tax dispute escalates to the appeal or tribunal level, or even to the High Court, an individual may require alternative methods to resolve the issue. This might include settlement through mediation or negotiation rather than proceeding with lengthy legal procedures. We have experience assisting individuals in dispute resolution through alternative means, ensuring quick and favorable outcomes.
Tax authorities often take strict actions, such as freezing bank accounts, halting business operations, or initiating legal proceedings, if taxes are not paid properly. In such cases, we assist taxpayers in preparing legal documents, completing pending filings, and negotiating with tax authorities. Our team ensures that individuals comply with tax laws without unnecessary penalties or delays. We are always ready to provide expert guidance and practical solutions to resolve such tax-related issues efficiently.
Services for Incoming Foreign Investors and Workers The Development Investment
Department offers various services to incoming foreign investors, workers, expatriates,
consultants, and companies. These services include income tax returns, work permits,
project income tax assessments, customs duty waivers for projects, and project-related
documentation services, among others. These are provided to facilitate and advise
foreign investors and workers in their business activities.
Value added is an integral part of a process. It is charged at every stage of the transaction. In Bangladesh, This process ensures proper VAT documentation and collection at each step. Clear
documentation helps avoid legal issues and ensures compliance with the law. The business environment
benefits from proper VAT collection and record maintenance, ensuring smoother and more transparent
financial operations. Proper management and documentation of VAT processes are crucial for maintaining a transparent and compliant business environment.
Services related to company registration or agency tasks in the corporate sector are handled by the
Registrar of Joint Stock Companies and Firms in Bangladesh. This includes registering new companies,
preparation of the memorandum of association, articles of association, company registration, issuance
of share certificates, determination of share capital, etc. From registration to the commencement of
operations, memorandum of association, articles of association drafting, registration, share transfer,
capital increase, company dissolution, amalgamation, shareholding arrangements, liquidation, and
corporate restructuring. Any foreign company or foreign investor wanting to establish a business or
industrial unit in Bangladesh needs prior approval from the relevant authorities. We provide all kinds of
documentation support, ensuring smooth processing.
Small and medium-sized businesses receive bookkeeping training for their accounting
departments. Additionally, employees in any institution’s accounting department receive
systematic and policy-driven training in accounting and bookkeeping (including financial
reporting). Training is provided on preparing loan applications and offering financial
statements to financial institutions. We also offer basic project management training.
Our aim is to equip professionals with the skills needed for accurate accounting. You
can always consult us for further information on these services.
Our Tax and Business Training School is an elite institution where professionals from
various sectors receive specialized training. The institute provides practical and
theoretical training in tax laws, production cost accounting, managerial accounting,
corporate accounting, tax accounting, and business law.
We organize training sessions for newcomers, employees, and students. This
comprehensive training covers various fields, including corporate financial accounting,
managerial cost accounting, and tax legislation. Those who complete the training
successfully have better employment prospects. We also offer flexible and updated
training modules, including course schedules and certificates.
We offer flexibility for necessary changes. Training materials, schedules, and course
certificates will be provided during training sessions.
Bookkeeping or accounting is one of the primary branches of financial accounting. It
involves recording the daily financial transactions of a business, classifying accounts,
summarizing them, and preparing ledgers and balance sheets. This process includes
creating journal entries, maintaining ledgers, preparing income statements, recording
purchases and sales, managing daily financial transactions, preparing bank statements,
and other financial reports. All financial documents must be systematically maintained to
reflect accurate financial status.
To ensure success in this process, we provide fundamental accounting knowledge,
including manual and digital data entry, cash books, ledgers, and comprehensive
accounting practices. This training equips participants with practical and effective skills,
ultimately preparing them for higher-level managerial training.
Cost accounting is a critical branch of accounting that evolved significantly after the
Industrial Revolution in the 18th century Primarily, in the production process of manufacturing
organizations, the expenses incurred for the production and marketing of products need to be
systematically recorded, much like financial accounting. accounting: primarily, cost management
involves determining the cost of producing a product, evaluating production processes, assessing
operational efficiency, cost control,. This requires the effort of creative managers and
organizational leaders, enabling cost accounting in production. Various business
training schools provide training on the intricacies of production cost accounting.
Managerial accounting is another vital branch of accounting science. While financial
accounting operates under certain principles or methods, managerial and cost
accounting do not follow such strict rules. Key tasks include budgeting, budget control,
comparing actual expenses with budgeted expenses, making decisions based on those
findings, cost control, analyzing all forward-looking aspects, and evaluating
benchmarks. These are the primary tasks of managerial accounting. Additionally, it
focuses on management-level activities. We also provide training on the detailed
aspects of managerial accounting.
Tax accounting science is a combination of financial accounting and legal principles. In
essence, tax management is 80% financial accounting and 20% legal interpretation. For
students of tax accounting science, there are various employment opportunities, and tax
management is a prominent profession. Many institutions offer training on integrated tax
accounting and legal application through different mediums. With the expansion of tax
management, individuals can also work independently as tax consultants. Proper
training in domestic or international tax laws can open doors for a lucrative career in tax
consultancy.
Similar to tax accounting, the management of value-added tax (VAT) is organized
through different training mediums. Students of accounting science also have significant
opportunities to engage in VAT-related professions. Various institutions provide training
for students to gain employment or work independently in this sector.