VAT, Tax and Customs Matters

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Ship-building & Ship-breaking Matters
July 25, 2019
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VAT, Tax and Customs Matters

VAT-Tax-and-Customs-Matters

VAT, Tax and Customs related legal support is high in demand in Bangladesh. Particularly for companies, new investors & entrepreneurs knowing the different formalities involving taxation is a big challenge because of its complexity. 
In particular with income tax, different statutory requirements for e.g. advance tax on income, deduction of tax at source, tax exemptions, tax rebate, procedures for filing annual tax returns along with its assessments etc and their correlation which may be found difficult without proper knowledge. 
On the other hand, entirely new regulations are applicable to VAT. Understanding advance ATV (advance trade VAT), VAT rebate/input at different stages of trade, obligations of consumers, supplier, service provider and different MUSAK filing along with the filing of monthly returns is equally complex. 
Finally, rules and regulations applicable for various Custom duties, supplementary duties, regulatory duties and its relations with HS code and product valuation is a complex area of law which requires sound knowledge to deal with the issue efficiently. In case of any disputes, legal support is often required for challenging any claim, issues, Order before the Higher Authority or Tribunal which may even go up to the High Court & Appellate Division. The Chambers has 8 years’ experience for such services.