Services – AK Consultant

Effective Services

AK Consultant and its team is here to solve your tax, vat and other income related issues. We are responsive, responsible, pragmatic, regular and sensitive about our work. From formation of a company to help you in the growth of your company, our team is highly active.

The customer service at AK Consultancy is top-notch. We are always available to answer clients questions, whether via phone or email, and we do it so promptly and courteously. Our commitment to client satisfaction is evident in every interaction.

Income Tax

Income tax is a calculation based on someone’s earnings. It’s a levy imposed on individuals, business or other entities like trusts or estates based on their income or profits. Government use income tax revenues to finance public services and infrastructure including ...

VAT

Value-Added Tax (VAT) is a consumption tax that is levied at each stage of a product’s production and distribution VAT raises government revenues without disproportionately affecting the wealthy (as income taxes might). It is considered simpler and more standardized than traditional ...

Audit and Accounts

Accounts refer to the systematic recording, classification, and summarization of financial transactions. They provide a snapshot of an organization’s financial position. Such as: Income Statement Shows revenue, expenses, and net income over a specific period ...

Company Law

Bangladeshi company law provides the regulatory framework for the establishment, operation, and dissolution of companies in Bangladesh. The principal legislation governing companies in Bangladesh is the Companies Act, 1994, which has been amended several times to keep pace with changing economic conditions and global standards. There are two types of companies, such as- Private Limited Company: Requires a minimum of two and a maximum of fifty shareholders. It restricts the transferability of shares ...

eTIN

In Bangladesh, the Electronic Tax Identification Number (eTIN) is a unique identification number issued by the National Board of Revenue (NBR) to individuals and entities for tax purposes. The eTIN system streamlines the tax registration process, allowing taxpayers to register online and receive their TIN electronically. This initiative has significantly enhanced efficiency, reducing paperwork and processing time. With an eTIN, individuals and businesses can fulfill their tax obligations, including filing tax returns and paying taxes ...

eVAT

the Electronic Value Added Tax (eVAT) system is a digital platform introduced by the National Board of Revenue (NBR) to streamline the Value Added Tax (VAT) process. It aims to simplify VAT compliance for businesses and improve tax administration efficiency. Through the eVAT system, registered businesses can submit VAT returns, make payments, and manage their VAT-related transactions online. This digitalization initiative not only reduces paperwork and administrative burden but also enhances transparency and accountability in ...

Income Tax Return

In Bangladesh, filing an income tax return is a mandatory requirement for individuals and entities earning taxable income. The National Board of Revenue (NBR) oversees the taxation system, and individuals, including employees, self-employed individuals, and businesses, are required to submit their income tax returns annually. The income tax return includes details of income earned from various sources, such as salary, business profits, capital gains, and other sources, along with deductions, exemptions, and tax credits applicable under the Income Tax Ordinance ...

Foreigner Work Permit

Obtaining a work permit for foreigners in Bangladesh is a prerequisite for engaging in employment activities within the country. The Bangladesh government regulates foreign employment through the issuance of work permits, overseen by the Bureau of Manpower, Employment, and Training (BMET) under the Ministry of Expatriates' Welfare and Overseas Employment. Foreigners seeking employment opportunities in Bangladesh must obtain a work permit from the concerned authorities, which typically involves an application ...

Joint Venture Company

In Bangladesh, a joint venture company is a business entity formed through collaboration between two or more parties, typically comprising both domestic and foreign investors. The Joint Venture Company (JVC) operates under the regulatory framework provided by the Companies Act, 1994, and other relevant laws and regulations. In a joint venture, each party contributes capital, resources, expertise, or technology to the partnership, sharing both risks and rewards. Joint ventures are commonly established to capitalize on the ...

FDDI Report

Foreign investment plays a pivotal role in the economic development of Bangladesh, contributing to its growth, employment generation, and industrialization. Over the years, Bangladesh has emerged as an attractive destination for foreign investors due to its strategic location, competitive labor costs, improving business environment, and supportive government policies. This report aims to analyze the trends, opportunities, and challenges ...

Monthly Tax Return Submission (TDS)

In Bangladesh, the submission of monthly tax returns is a fundamental aspect of tax compliance for businesses and individuals subject to various taxes, including income tax, value-added tax (VAT), and withholding tax. The National Board of Revenue (NBR) oversees the taxation system, and taxpayers are required to submit their monthly tax returns within the specified deadline, typically by the 15th of the following ...

108(A) Return Submission

In Bangladesh, the submission of a 108(A) return is a crucial requirement for entities involved in certain transactions, primarily those related to imports, exports, and foreign remittances. The 108(A) return, mandated by the National Board of Revenue (NBR), serves as a declaration of specified transactions conducted by businesses or individuals during a particular period. It includes details such as the nature and value ...

Monthly VAT Return Submission

In Bangladesh, the submission of monthly VAT returns is a vital aspect of taxation compliance for businesses operating within the country. The Value Added Tax (VAT) system requires registered businesses to submit their VAT returns on a monthly basis, typically within a specified deadline following the end of each month. This process involves reporting details of taxable sales, purchases, input VAT credits, and any other relevant transactions during ...

Company Buildup

Company buildup in Bangladesh refers to the process of establishing and developing businesses within the country's regulatory framework and economic landscape. With a growing economy and a burgeoning entrepreneurial spirit, Bangladesh has seen a significant increase in company formations across various sectors in recent years. The buildup of companies involves meticulous planning, registration procedures, and compliance with legal and regulatory requirements set forth by the ...

Yearly Joint Stock Return submission and Share transfer

In Bangladesh, the submission of a Yearly Joint Stock Return is a mandatory requirement for companies registered under the Companies Act, 1994. This return, overseen by the Registrar of Joint Stock Companies and Firms (RJSC), provides a comprehensive overview of the company's operations, financial status, and corporate governance practices over the preceding year. It includes details such as the company's financial statements, shareholding ...

Tally

Tally.ERP 9, commonly known as Tally, is one of the most popular accounting software solutions used by businesses worldwide. Developed by Tally Solutions Pvt. Ltd., Tally is renowned for its user-friendly interface, robust features, and scalability. Here's an overview of Tally accounting software: 1. Comprehensive Accounting Features: Tally offers a wide range of accounting functionalities, including general ledger management, accounts receivable and payable, bank reconciliation, invoicing, budgeting, and financial reporting. Its comprehensive features cater to the needs of businesses across various industries and sizes.

Quickbooks

QuickBooks is one of the most widely used accounting software solutions globally, developed by Intuit. It's designed to cater to the accounting needs of small and medium-sized businesses across various industries. Here's an overview of QuickBooks accounting software: 1. Versatile Accounting Features: QuickBooks offers a comprehensive suite of accounting features, including general ledger management, accounts payable and receivable, invoicing, expense tracking, bank reconciliation, and financial reporting. Its versatility allows businesses to manage their finances efficiently and accurately.

Accounting Outsourcing Services

Accounting outsourcing services involve delegating financial tasks and responsibilities to third-party service providers rather than handling them in-house. This practice has become increasingly popular among businesses of all sizes due to its potential cost savings, efficiency improvements, and access to specialized expertise. Here’s a breakdown of what accounting outsourcing services entail: 1. Financial Record Maintenance: Outsourcing firms typically manage day-to-day financial transactions such as accounts ...

Import Registration Certificate (IRC)

In Bangladesh, an Import Registration Certificate (IRC) is a mandatory document required by businesses or individuals engaged in importing goods into the country. Issued by the Office of the Chief Controller of Imports and Exports (CCI&E) under the Ministry of Commerce, the IRC serves as a permit authorizing the holder to bring goods into Bangladesh for commercial purposes. Here's an overview of the Import Registration Certificate (IRC) process in Bangladesh: 1. Purpose and Regulation: The IRC is regulated under the Import Policy Order (IPO) issued by the Ministry of Commerce. Its primary purpose is to regulate and monitor the importation of goods into Bangladesh, ensure compliance with trade policies, and facilitate economic ...

ERC (EXPORT REGISTRATION CERTIFICATE)

In Bangladesh, an Export Registration Certificate (ERC) is a mandatory document required by businesses or individuals engaged in exporting goods from the country. Issued by the Office of the Chief Controller of Imports and Exports (CCI&E) under the Ministry of Commerce, the ERC serves as a permit authorizing the holder to export goods from Bangladesh for commercial purposes. Here's an overview of the Export Registration Certificate (ERC) process in Bangladesh: 1. Purpose and Regulation: The ERC is regulated under the Export Policy Order (EPO) issued by the Ministry of Commerce. Its primary purpose is to regulate and monitor the exportation of goods from Bangladesh, ensure compliance with trade policies...

BIDA (Bangladesh Investment Development Authority (BIDA)

The Bangladesh Investment Development Authority (BIDA) is the apex investment promotion and facilitation agency of Bangladesh. Established in 2016 through the Bangladesh Investment Development Authority Act, BIDA plays a pivotal role in promoting and facilitating both domestic and foreign investment in the country. Here's an overview of the Bangladesh Investment Development Authority: 1. Promotion of Investment: BIDA is tasked with promoting investment opportunities in Bangladesh through various means, including marketing initiatives, outreach programs, investment summits, and roadshows. It highlights the country's investment potential, business-friendly policies, and ...