To protect outbreak of COVID 19, Bangladesh government has repeatedly been asking people to stay home in efforts to contain the spread of the novel corona-virus. It also announced closure of all public and private offices, School, College, courts to make people stay indoors. Government taken the following decisions:
Government declared aforesaid office suspension will be considered as general leave and employees of respective institutions will be eligible to get salary and allowances as normal procedure.
On the other hand we are the registered member of The Institute of Chartered Accountants of Bangladesh (ICAB). For audit and assurance services ICAB has been developed a check list to consider during audit to assess risk and to minimize audit risk at reasonable label (Contact Mohammad Abu Kawsar for further info: mdkawsar1974@gmail.com).
In Bangladesh for different goods and services has three VAT rates like 15% ,10% and 7.5%.
Tax rats are:
For resident Individual | 10% to 30% |
For non-resident Individual | 30% |
List Company | 25% |
Non-listed Company | 35% |
Cooperative Society | 15% |
Mobile operator & Tobacco company | 45% |
Listed Bank, Insurance & NBFIs | 37.50% |
Non-Listed Bank, Insurance & NBFIs | 40% |
Surcharges for exceeding net wealth Taka 50 million | 10% 30% |
If you have any questions regarding this or any of the other initiatives offered to those affected by the current disruption, please contact Mohammad Abu Kawsar at mdkawsar1974@gmail.com.