Solution of Intcome Tax for resident and non resident in Bangladesh

Today I am going to discuss about necessity of determination of status of a taxpayer ( assesse) whether he is resident or non resident and the various category of taxpayer (assessee) in detail.

Why necessary

• To pay or collect tax at first it is necessary to determine status of the assesse (tax payer)  whether he is resident or non resident .

•  Not only the rate of tax but also category of income depends on residential status of assesse (tax payer)  .

When necessary

•       to file return
•       To obtain tax clearance certificate  / acknowledge receipt                                    Without paying tax properly  assessee (tax payer) will not get a clearance certificate. Tax clearance certificate required at the time of departure from Bangladesh u/ s 107 of I T O 1984

·        taking facilities from many sectors of  govt. authorities u/s 184 (A), as follows

• 1.     opening letter of credit (L C)
• 2.     submitting application for import registration certificate
• 3.     renewal of trade license
• 4.     submitting tender documents
• 5.     submitting application for membership of a club registered under ‡Kv¤úvwb AvBb , 1994
• 6.     registration , change of ownership, renewal of fitness of car, jeep, microbus or bus, truck, prime mover, lorry etc. plying for hire
• 7.     sanction of loan exceeding 5 lakh taka by bank or leasing company
• 8.     issue of credit card
• 9.     registration of company in respect of sponsor ( initial) directors
• 10.     applying for or renewal of membership of trade body
• 11.     submitting a plan for construction of building for obtaining approval from Rajuk , CDA, KDA,RDA
• 12.        applying for connection of gas/ electricity for commercial purpose in city corporation, pourashava, cantonment board

Kinds

1. Other than company / Individual / Firm–

                   a. Resident

                   b. Non Resident – Non Bangladeshi , Non Resident( N B N R)

               c. Bangladeshi Non – Resident ( B N R)   

      2.Company    -  
                    a. Resident

                    b.  Non Resident – Non Bangladeshi , Non Resident( N B N R)

                    c. Bangladeshi Non – Resident ( B N R) 
 

ü                                                                             (to be continued.....)