Tax in Bangladesh

Doulah & Doulah

Doulah & Doulah’s tax team, which sits within the firm's finance group, advises multinational clients on the tax structuring aspects of corporate and finance transactions, as well as tax management and compliance matters. Practice head Amina Khatoon is supported by Ariful Islam on corporate tax matters.

Practice head(s):

Amina Khatoon

Other key lawyers:

A.B.M. Nasirud Doulah; Ariful Islam

Key clients

Walmart

JC Penney

General Electric

Hyatt Hitels

Miravet

Scatek Solar

Powerchina

CMEC

PepsiCo

Jafpa Comfeed

Work highlights

  • Advising PepsiCo on the tax exposure and transfer pricing aspects of an asset acquisition deal.
  • Advising Walmart on the tax structuring and transfer pricing aspects of an asset transfer transaction.
  • Assisted Ayesa with structuring the tax aspects of an international rail track contract executed by the offshore JVs which is financed by an offshore bank.

TANJIB ALAM & ASSOCIATES

TANJIB ALAM & ASSOCIATES has a strong capability in tax controversies and acts for clients in appeals, audits and litigation. In addition, its team also advises on tax planning, structuring investments and VAT issues. Tanjib-ul Alam is the main contact.

Practice head(s):

Tanjib-ul Alam

Key clients

Coats Bangladesh Limited

Robi Axiata limited

bKash Limited

Butterfly Marketing Limited

Grameenphone Limited

Sanofi Aventis Banlgadesh limited

Bayer Cropscience Limited

YKK Bangladesh Pte Limited

Proctor and Gambles Bangladesh Pvt. Limited

Paxar Bangladesh Limited (Avery Dennison Bangladesh)

BBC Bangladesh Limited

Abul Khair Group

Work highlights

  • Acted for Robi Axiata Ltd in judicial review petition involving interpretation of VAT act.
  • Advised Coats Bangladesh Ltd on challenging the decision by Taxes Appellate Tribunal to uphold the disallowance of expenses made by Deputy Commissioner of Taxes while assessing income tax return.
  • Assisted Procter and Gamble with filing an income tax reference application in the High Court Division of the Supreme Court challenging decision by Tax Appellate Tribunal disallowing advertising expense reimbursed to the advertising agency.

The Law Counsel

The Law Counsel, which is highlighted for its strengths in tax litigation, is prominent in tax proceedings before the High Court Division. The team has expertise in customs, VAT and income tax issues. It attracts a steady stream of referral work from international law firms. Abdur Razzaq, Ehsan Abdullah Siddiq  and Imran Siddiq are the main contacts.

Practice head(s):

Abdur Razzaq; Ehsan Abdullah Siddiq; Imran Siddiq

Key clients

Islami Bank Bangladesh Ltd.

Cisco Systems, USA

Telenor

Amazon Inc.

SBC Garments Ltd.

M/s N.N. International

National Tobacco Company Ltd.

Sunshine Navigation International Ltd.

Work highlights

  • Advising Cisco Inc. on its annual and monthly tax reporting obligations under the Income Tax Ordinance, 1984 and the Income Tax Rules, 1984 in respect of its employee share purchase plan drawn up for local employees.
  • Advised Sunshine Navigation International Limited on partnership with a chartered accountancy firm regarding tax compliance issues arising out of a loan facility granted by a local bank worth $14m.
  • Advised National Tobacco Company Ltd on challenging the legality of a claim made by the VAT authorities regarding allegedly unpaid VAT under the newly enacted VAT and Supplementary Duty Act 2016.

Vertex Chambers

Junayed Ahmed Chowdhury leads the tax practice at Vertex Chambers, which advises foreign clients on VAT compliance, audits and corporate restructurings. The firm acts for clients in sectors such as telecoms, energy and infrastructure and finance.

Other key lawyers:

Junayed Ahmed Chowdhury, Tanvir Quader

Key clients

Unilever Bangladesh Limited

Bay Developments Limited

World Bank Group

International Finance Corporation

Compassion International

SAJIDA Foundation

Jan De Nul NV

British American Tobacco Bangladesh

British-American Tobacco Marketing (Singapore) Private Limited

Teach For Bangladesh

The City Bank Limited

Asiatic 3sixty

GE Medical Systems Bangladesh Limited

Louis Dreyfus

PricewaterhouseCoopers India

Refinitiv Limited (a Reuters concern)

Standard Chartered Bank Bangladesh

Standard Chartered Bank UAE

Accord Shipping Limited

PRAN Foods Limited

Southeast Bank Capital Services Limited

Grameenphone

Edge Research and Consulting Limited

EK Architects

Fondation Hirondelle

Institute of Architects Bangladesh

Inn Star

Jumo Bangladesh Ltd

Legal Action Worldwide

Migrant Offshore Aid Station

Norwegian Refugee Council

Mutual Trust Bank Limited

RDRS

Inpace Management Services Ltd.

Deltex Ltd.

BSRM Steels Ltd

Feni Lanka Power Limited

KRD Ventures Ltd

Shamolima Limited

Southtech Limited

Excelerate Energy Bangladesh Limited

Teach For Bangladesh

Young Life

Work highlights

  • Advising a private container terminal on the tax and VAT aspects of a foreign investment from Singapore.
  • Advised a client on the most tax efficient manner in which he could transfer his immovable property in Bangladesh to a trust created in the United States of America.
  • Advised a client on the best way to wind up its business in Bangladesh without attracting tax liability.