H.Asraf K. Abhijit & Co. - Chartered Accountants

Tax Solutions for Businesses of All Sizes

Whether you are a small business or a multinational corporation, tax considerations play a crucial role in every business decision. We provide prompt, tailored solutions designed to meet your business's specific needs — from basic tax requirements to complex issues like transfer pricing. Our experienced team combines technical expertise with strategic insight to help you navigate the complex tax landscape while maximizing efficiency and ensuring compliance.

Personal Tax

We Take the Hard Work Out of Self-Assessment

Our experts live and breathe personal tax. We'll stringently review your individual situation and ensure you meet all regulatory compliance. Maximizing your time and reducing your tax liabilities.

We understand everyone's circumstances are unique. That's why our experts are well-versed in a wide range of areas, like trusts and estates, domicile and residency filings, emigration and tax investigations.

Tax Planning

Tax planning is the strategic process of organizing financial affairs to minimize tax liabilities while remaining fully compliant with tax laws. It involves identifying tax-saving opportunities such as allowable deductions, exemptions, and credits. Effective tax planning supports efficient resource allocation and enhances overall financial performance. Individuals and businesses use tax planning to optimize cash flow and long-term wealth. A well-designed plan reduces tax risks and ensures timely fulfillment of legal obligations.

Personal Tax, Tailored to You

Everyone's financial situation is unique — and so is our approach. Our experts take the time to understand your circumstances and provide bespoke personal tax advice designed around your needs.

Whether it's a straightforward tax return or more complex matters such as trusts, estates, residency, emigration, or capital gains, our experienced team has you covered. We work proactively to minimise the risk of tax investigations, and if one arises, we're ready to guide you through it with confidence.

Our goal is simple: to ensure you only pay the tax you owe. Combining smart technology with deep expertise, we help you save both time and money.

Who Needs to Complete a Self-Assessment Tax Return?

Under the Income Tax Act, 2023 of Bangladesh, certain individuals and entities are legally required to file an income tax return each year. Even if tax has already been deducted at source, you may still need to file a return to comply with national tax regulations and maintain a valid Taxpayer Identification Number (TIN). For example:

Anyone whose annual income exceeds the tax-free threshold set by the National Board of Revenue (NBR).
Anyone who was assessed for tax in any of the last three years.
Company directors, partners, shareholders, or employees of registered businesses or firms.
Individuals who hold a TIN or are required to obtain one under law.
Anyone who owns a motor vehicle, house property, or holds a trade license.
Professionals such as doctors, lawyers, engineers, architects, accountants, or consultants engaged in independent practice.
High earners — those whose income exceeds specified limits (e.g., over BDT 350,000 for women/seniors or over BDT 300,000 for men, subject to updates).
Individuals required to submit proof of return submission (PSR) for various official purposes — e.g., opening a business, renewing a trade license, or registering land/property.

If you're unsure if you need to register and complete a Self-Assessment tax return, please contact us and we'll happily advise you.

Corporate and Individual Tax Planning
Personal Income Tax Advisory and Filing
Deferred Tax Computation and Implementation
Comprehensive Tax Compliance and Return Preparation
Assistance with Tax Authority Inquiries and Information Requests
Representation in Tax Assessments and Appeals
Duty Drawback Advisory and Support
Income Tax Return Preparation and Filing
Import Duty and Customs Case Management
Tax-Efficient Remuneration and Compensation Structuring
Transfer Pricing Documentation and Advisory
Tax Due Diligence Reviews
Tax Risk Assessment and Management
Tax Process Automation and Digital Compliance Solutions

VAT

The Rules of VAT Are Ever-Changing

The rules of VAT are complex and ever-changing. Our specialist advisory team help you design your business model, manage sales, reclaim costs and master accounting systems to build a strong, resilient business.

Combining deep technical understanding and decades of practical experience, we're capable of handling both the complex and the basics.

Our Comprehensive VAT Services

End-to-end VAT solutions tailored to your business needs

VAT Registration & Structuring

Assistance with VAT registration and obtaining BIN
Advisory on VAT applicability and registration thresholds
Structuring business operations for optimal VAT efficiency

VAT System Design & Implementation

Designing customized VAT management systems
Integration with existing accounting or ERP systems
Mapping supply chains for VAT compliance

VAT Compliance & Return Filing

Preparation and submission of monthly VAT returns
Maintenance and reconciliation of VAT records
Preparation of Mushak forms and schedules
Monitoring input tax credits and output tax liabilities

VAT Audit & Review

Conducting VAT health checks and compliance audits
Reviewing documentation for conformity with VAT laws
Identification and rectification of exposure areas

VAT Dispute Resolution & Representation

Handling queries and notices from VAT authorities
Assistance during VAT audits and inspections
Representation in assessments, hearings, and appeals

VAT Refunds & Drawback Assistance

Preparation and submission of VAT refund claims
Duty drawback and rebate advisory for exporters
Liaison with VAT authorities for refund realization

VAT Advisory & Consultancy

Advisory on complex VAT matters and transactions
Guidance on exemptions and zero-rated supplies
Advisory on cross-border and import/export VAT

VAT Training & Capacity Building

Training on VAT compliance procedures
Workshops on Mushak preparation
Awareness sessions on regulatory changes

VAT Automation & Digital Compliance

Implementation of automated VAT reporting systems
E-filing support and digital record management
Advisory on e-invoicing and digital VAT solutions

Corporate Tax

We Tackle Corporate Tax with Ease

Corporation tax doesn't need to hold you back. We'll help you utilize all the tax relief and deductions you can claim, while keeping you on the right side of tax legislation. Our main aim is to ensure you don't pay more tax than you need to.

When the time is right, we'll also offer support with acquisitions, mergers or overseas expansion.

We Tackle Corporate Tax with Confidence

We'll work with you to prepare and submit your tax returns every year, plus offer support with acquisitions, mergers or overseas expansion. By working closely with you, our specialists will help ensure your tax liabilities don't take your attention away from fuelling your company's growth.

Make Corporation Tax Pay Dividends

Corporation tax doesn't need to hold you back. With the right planning, we can improve your bottom line so you can keep moving forward.

We specialize in corporate tax for small and medium-sized businesses. And our experts know how important it is for your business to not only meet your Bangladesh tax compliance obligations, but also keep on growing. Accordingly, we can ensure your business only pays what you need to – and never a penny more.

Our experts will take the time to get to know you and your business, so they have the full picture about where you are right now – and where you're heading. Having a wider view will ensure we can strategically advise and plan with you beyond your yearly tax return.

Nothing excites us more than being with MSMEs on their journey. So when the time is right, we'll also offer support with acquisitions, mergers or overseas expansion.

R & D

Unlock an Additional Cash Boost for Your Business

Innovation doesn't happen overnight. It's why the Bangladesh Government offers tax relief for companies who are pushing the boundaries in their field. But many companies are eligible for this tax relief without knowing.

We'll prepare and submit your tax adjustments or claim to help you receive a generous corporation tax deduction from NBR. Our talented team includes software engineers and tech specialists, all dedicated to making things easier for you.

Keep on Innovating

Innovation doesn't happen overnight. It's why the Bangladesh Government offers tax relief for companies who are pushing the boundaries in their field. Claims for R&D enhanced deductions and tax credits are made as part of your annual corporation tax return.

But many companies are eligible for this tax relief without knowing. In fact, it's estimated that around 80% of eligible companies have either not claimed or have under-claimed. That's millions of pounds that could be claimed and utilized to fuel growth.

We'll access, create and submit your R&D claim to help you receive a generous corporation tax deduction, or tax adjustments from NBR. Giving you more freedom to fulfil your business ambitions.

Property

We Help You Maximize Your Investments

From buy-to-let landlords to large property groups, our specialist property accountants and tax advisers can help you keep one step ahead of constant tax changes. Including the recent removal of mortgage interest relief.

With strategic planning, we can ensure your investments don't lose their value, help plan for property VAT and help you manage capital gains tax.

Ready to Get Started?

Let us take control of your tax affairs so you don't have to. Our tax aficionados are ready and waiting to help you with personal tax, Self-Assessment tax, VAT, corporate tax, and tax planning.

To start your journey with us, get in touch below, and one of our tax experts will arrange an introductory consultation.

Tax Solutions