Corporate Tax Return
Private Limited Company Tax Return Filing in Bangladesh: A Complete Guide
In Bangladesh, all registered companies—including Private Limited Companies—are legally required to file annual income tax returns with the National Board of Revenue (NBR). Whether a company is operational or dormant, profitable or not, filing a tax return is a mandatory compliance obligation under the Income Tax Act, 2023.
This guide outlines the process, requirements, and key considerations for filing tax returns for Private Limited Companies in Bangladesh.
Who Must File a Company Tax Return?
All companies registered under the Companies Act, 1994—including Private Limited Companies (Ltd.)—must submit an annual tax return, regardless of their turnover, profit/loss status, or operations.
Tax Return Deadline
A Private Limited Company must file its return within 7 months and 15 days of the end of the income year.
For companies whose financial year ends on 30 June, the deadline is 15 January of the same year.
An extension may be requested from the Deputy Commissioner of Taxes (DCT) before the deadline expires.
Documents Required for Company Tax Return Filing
A successful tax filing depends on proper documentation. The following documents are typically required:
🔹 Audited Financial Statements (by a Chartered Accountant)
Balance Sheet
Profit & Loss Account
Cash Flow Statement
Notes to Accounts
Auditor’s Report
🔹 Tax-Related Documents
Form IT-10B (Company income tax return form)
Tax computation sheet (explaining how tax was calculated)
TIN certificates (Company and Directors)
Depreciation schedule (as per the 3rd schedule of ITO 1984)
List of shareholders and directors
Withholding Tax (TDS) statements
Bank statements and trade license
If the company is newly incorporated, the Certificate of Incorporation and Memorandum & Articles of Association may also be required.
Tax Rate for Private Limited Companies (2023–24)
| Company Type | Corporate Tax Rate |
|---|---|
| Non-listed Private Ltd. Company | 27.5% |
| One Person Company (OPC) | 25% |
| Publicly Listed Company | 20% (with conditions) |
Note: Rates are subject to changes through the Finance Act each fiscal year.
Steps for Filing the Company Tax Return
Step 1: Prepare Financial Statements
Ensure that all financial statements are prepared and audited by an NBR-approved CA firm.
Step 2: Compute Tax Liability
Adjust accounting profit for tax purposes by:
Adding back non-allowable expenses
Deducting allowable expenses, investment allowances, etc.
Step 3: Complete Form IT-10B
Fill out the official company tax return form provided by NBR, attaching supporting schedules.
Step 4: Include Withholding Tax (WHT) Returns
Submit statements of all taxes deducted at source (TDS) under Section 75A.
Step 5: Submit the Return
You can file the return in:
Manual Filing:
Submit hard copies of the tax return and supporting documents to the concerned Tax Circle under your tax zone.
Step 6: Receive Acknowledgement
Collect the Acknowledgement Slip or Acknowledgement Receipt, which serves as proof of submission.
Penalties for Non-Compliance
Failing to file a company tax return on time can lead to:
Penalties (minimum BDT 10,000)
Daily additional fines
Disallowance of expense claims
Legal proceedings by the tax authority
Special Considerations
| Requirement | Details |
|---|---|
| Advance Tax (Section 64) | Payable if projected tax liability exceeds a certain threshold |
| Minimum Tax (Section 82C) | Based on gross receipts if actual tax is below minimum |
| Transfer Pricing (Section 107A) | Applicable if related party transactions exceed BDT 3 crore |
| VAT Return | Monthly or quarterly submission if VAT-registered |
| Payroll Return (Section 108) | Applicable if employees are salaried |
Final Tips
Keep proper books of accounts year-round.
Appoint a reliable CA firm experienced in company audits and tax filing.
Maintain a tax compliance calendar to meet deadlines for return, advance tax, VAT, and WHT.
Conclusion
Filing a company tax return for a Private Limited Company in Bangladesh is a structured process, but with proper planning and expert assistance, it can be completed smoothly. Ensuring tax compliance not only avoids penalties but also builds trust and credibility with stakeholders and regulatory bodies.
If your company is due for filing, start early and seek professional guidance to ensure all legal and regulatory requirements are met.