Tax Return Budget

Tax filing is an essential responsibility for both individuals and businesses in Bangladesh. As an Income Tax Practitioner, I have seen numerous cases where clients are confused about filing fees. The question isn’t always easy to answer. The cost of preparing a tax return varies significantly based on income complexity, business size, and required tax compliance measures. Whether you are a salaried professional, a freelancer, or a business owner, understanding the typical costs associated with tax filing can help you budget accordingly. This article provides a breakdown of tax preparation fees in Bangladesh and explains why professional tax assistance can be beneficial.

Tax Filing Fees for Individuals

• Basic Salaried Individuals (BDT 3,000–10,000): Includes simple income sources such as salary, limited deductions, and basic tax return filing.
• Freelancers/Consultants (BDT 8,000–20,000): This covers multiple income sources, self-employment tax, investments, and additional deductions.
• High-Net-Worth Individuals (BDT 20,000–50,000+): Includes complex income structures, investments, asset declarations, and additional tax compliance requirements.

Tax Filing Fees for Businesses

• Small Businesses/Proprietorships (BDT 10,000–30,000): Tax filing services based on limited revenue, basic bookkeeping, and simpler accounting structures.
• Medium-Sized Enterprises (BDT 30,000–100,000): Includes VAT filing, payroll management, bookkeeping, and detailed financial reporting.
• Large Corporations (BDT 100,000+): Involves complex tax filings, audits, compliance reviews, and comprehensive tax planning.

Additional Tax Return Services & Costs

• Tax Advisory & Consulting: BDT 5,000–50,000 per session
• Tax Audit Support & Appeals: BDT 20,000–100,000+
• VAT & TDS Compliance: Fees vary based on business complexity

Factors Affecting Tax Preparation Fees

Several factors influence the cost of tax return filing in Bangladesh, including:

• Complexity of income sources and deductions
• Industry-specific tax regulations
• Business revenue and operational structure
• Requirements for VAT, TDS, or tax audits

Why Hire a Professional Tax Consultant?

Engaging a tax professional ensures accurate tax filing, minimizes tax liabilities, and helps avoid penalties for non-compliance. Professional consultants stay updated on the latest tax laws, offering expert advice tailored to your financial situation.

Where to Get Professional Tax Assistance?

For expert tax services, visit Habib Sarwar Bhuiyan & Co. Chartered Accountants, where we provide reliable tax filing, VAT compliance, and audit representation services.

Conclusion

Understanding tax preparation fees helps individuals and businesses plan for their tax obligations efficiently. If you need professional assistance with tax filing in Bangladesh, consult experienced professionals for hassle-free compliance.