KPMG Bangladesh Indirect Tax Services helps clients deliver real value to their business from indirect tax.
KPMG Bangladesh Indirect Tax Services helps clients deliver real value to their business f
Indirect taxes contribute extensively to the government revenue. With implementation of VAT and SD Act 2012 from 1 July 2019, there has been a substantial change in VAT compliance and administration.
There have been continuous clarifications, amendments in the VAT law, which require constant monitoring of such changes by the businesses, which in turn call for changes in their systems and processes.
Businesses are expected to be aware of the VAT implications that affect their dynamic business models and also comply with statutory compliance requirements. Varying treatments of supply of goods and services, and interpretations of VAT provisions pose a challenge for trade and industry to be on the right side of the law and at the same time explore the possibilities of optimising its tax impact on their business model. Mitigating the risk of non-compliance will save businesses from penalties and composition costs, and applying for relief schemes could mean cost savings as business cash flow improves.
Our Indirect tax professionals with their wide-ranging experience and in-depth knowledge on the subject, can help clients in all the above aspects. We provide advisory and compliance related services with reference to all indirect tax laws including VAT and Customs Duty and also on the pending tax and litigation matters related to the erstwhile regime.
The services that we offer include the following:
• Indirect Tax Compliance Services
• Indirect Tax Review Services
• Advisory Services