Our team specializes in meticulously preparing and accurately submitting individual income tax returns, ensuring compliance with Bangladesh’s tax regulations.

As per the Income Tax Act 2023, several changes were incorporated, such as income tax return forms, new sections, and changes in income slabs and benefits. The following summarizes the requirements for filing an income tax return as outlined in the relevant Income Tax Act 2023, Individuals must file a return if:

• Their total income exceeds the tax-free income limit.
• They were assessed to tax in any of the three preceding years.
• They hold executive or management positions in any business or any profession.
• They are shareholders, directors, or employees of companies.
• They are partners in firms.
• They have income subject to tax exemption or lower tax rates.
• They meet certain conditions such as owning a motor car, club membership, running a business or profession with a trade license, etc.
• They serve in public office or participate in government tenders.
• Expats having work permits in Bangladesh.
• They are required to furnish proof of submission of return (PSR) under section 264 which is an essential and mandatory document for receiving and providing 43 different services and obtaining certain benefits.

Returns must be furnished in the prescribed form with necessary particulars and information, signed and verified by the individual.

Components of Income tax return include: Basic information of the taxpayer and information regarding the source of Income (Salary, Business, Rent, Agriculture, Securities, Others, etc.). It should also be accompanied by statements of assets, liabilities, and lifestyle (expenses). Usually, the following documents are required for submitting an Individual tax return:

• Bank statements
• NID
• TIN
• Salary Certificate (For salary income)
• Financial Statements, Trade License (For business income)
• Rental Agreement (if any)
• Documents of Investment (If applicable)

The deadline for submitting individual income tax returns is November 30, The Government may extend the deadline from time to time at their discretion through the publication of the circular.

Our team regularly keeps up-to-date with all the ongoing changes and can help you submit your return at a very low cost. If you are submitting your return for the first time, we can even assist you in obtaining your very own TIN (Tax Identification Number) by registering into the e-TIN – TIN Registration portal of the Government.

With us, you can submit your return either offline or online depending on your situation and location. It is vital for your future that you provide the appropriate information in the appropriate fields of the return.

Our TAX PACKS team consists of the best Tax consultants in Bangladesh who are registered by the National Board of Revenue (NBR) of Bangladesh as Income Tax Practitioners (ITP). Our tax advisors provide a comprehensive range of services, including personal income tax return filing, individual income tax return preparation and submission, consultation on maximizing benefits through investment rebates, representation in tax matters, obtaining income tax clearance certificates, and acknowledgments for both local and expat clients. We offer tailored solutions to address the diverse needs of our clients, ensuring efficient and effective management of their tax obligations and objectives.