WEBINAR ON CURRENT TAXATION & FINANCE LEGAL ISSUES
Taxation
In the current financial year, the corporate tax rate structure has not been changed except that the tax for Non-Publicly Traded Companies is reduced by 2.5 percent and fixed at 32.5%. Some new industries are brought under the umbrella of tax exemption. Pension and gratuity payments to approved funds are made eligible for exclusion/deduction from the total income of the company and employees are also tax exempted for income received from such funds. Besides, computation of capital gains from the transfer of business or undertaking has been newly decided. Regarding VAT, all limited companies are now required to mandatorily submit the Annual Financial Statement for the purpose of proper audit. In case of VAT evasion, failure, or anomaly, the amount of existing fine is reduced to an equal amount of revenue from twice the amount of revenue; The monthly rate of interest charged on arrear VAT is reduced from 2% to 1%. On customs matters, provision for Bangladesh Single Window (BSW) is added. There are few other changes brought in the taxation matters in the current financial year.
Finance
On the other hand, the banks are now allowed to transfer funds in the form of placement from one OBU to another. Advance payments against permissible imports may also be executed directly by external financiers and/or offshore banking operations of scheduled banks, subject to repayment guarantees irrespective of the amount. The moratorium on loan payments is further extended till 30th June 2021 and the borrowers will not be in default. COVID-19 Stimulus Packages extended to Type A, B and C companies operating in EPZ, EZ and HTPA subject to terms and conditions and not to the Type A, B companies who are outside zones till date. There are few other changes brought in the banking and finance regulation in recent times.
We will discuss and analyze the current Taxation and Finance legal issues. The webinar will be conducted mostly by the members of our Taxation & Finance Department and ADR, Land & Tribunal Team. Join the event to enhance your knowledge and make yourself aware of the current taxation and finance legal issues.
Speaker
Mr. Mohammed Forrukh Rahman
Head of Chambers, Rahman’s Chambers
Member, Employment Law Practice Group
Barrister-at-Law of Lincoln’s Inn, London
LL.M.(International Dispute Resolution) (Uni of London)
PGCertLaw(Commercial & Corporate), Fellow, Hong Kong Institute of Arbitrators
(FHKIArb), Panel Arbitrator, SAARC Arbitration Council
MSIArb(Singapore), CEDR(UK) Accredited Mediator
Advocate Supreme Court of Bangladesh.
Speaker
Ms. Narita Navin Khan
Divisional Head
Corporate & Finance Division, Rahman’s Chambers
Senior Member, Construction Dept.
Barrister-at-Law of Lincoln’s Inn, London
PGDip in Professional Legal Skills ICSL, UK
LLB (Lond), Diploma-in-Law (Lond)
Advocate Supreme Court of Bangladesh.
Speaker
Mr. Sheikh Abdullah
Deputy Head of Taxes & Finance Dept.
Senior Associate, Supreme Court Team
Rahman’s Chambers, SCBA Branch
LL.B (Hon’s) from University of Southeast.
LL.M from University of Southeast.
Advocate, Supreme Court of Bangladesh
Speaker
Mr. Khandaker Abar Fahim
Member, Taxation & Finance Department
Associate, District Court Team
Rahman’s Chambers, Headquarters
LLB (Hons) University of London
LLM Eastern University
Time Schedule
Time : 3:30 pm to 5:00 pm
Date : 26th August 2021 (Thursday)
Booking Instructions:
Please register for our event as indicated below. We will send you registration confirmation by email/SMS. The event will be telecasted by zoom/google meet. We will send you the joining link or ID by email/SMS.
Organized By:
Rahman’s Chambers, Headquarters,
Suite 5B, 4th Floor,
Ataturk Tower, 22, Kemal Ataturk Avenue, Banani C/A
Dhaka-1213, Bangladesh.Email: info@rahmansc.com, Phone: +8809678662666
www.rahmansc.com
Leave a Reply