SM Ahmed & Associates

Income Tax, VAT, Company Law, Accounts and Audit Consultant

Highlight of our working area:

Income Tax Consultancy, Prepare Accounts, Corporate Finance, Corporate & Legal Affairs, Company Law, VAT, IRC, ERC, TIN, BIN, Project Profile, Visa Extension, Recommendation Letter, Work Permit, Security Clearance, Branch/Liaison Office Permission, BOI/BIDA, RJSC, Industrial Registration, Trade License, Tax, VAT return/assessment & Clearance Certificate and Consulting services.


Who We Are

We are a team of Income Tax Practitioner (ITP) and accountants dedicated to the provision of Income tax and VAT services. The combination of the different professional skills of our team, together with the unparalleled experience in Income tax law and practice of its leaders, guarantee our clients a very high level of specialisation in all aspects of Income tax and VAT services. Our Services We offer the full range of advisory and compliance services in direct and indirect taxation. Our advisory services include assistance on the domestic and international tax aspects of our clients’ businesses, such as consultancy on the tax implications of *the setting up of a business in Bangladesh
* the re-domiciliation of a company to or from Bangladesh
* on-going business activities, including cross-border operations
* restructuring, mergers and acquisitions

We also advise on personal tax issues, including
* taking up residence status in Bangladesh
* taxation of investment and other personal income
* employment and social security issues
* the setting up of trusts and foundations
We provide compliance support services, including
* Online registration for Income Tax, VAT, Online/Manual return filing and tax payment requirements
* representing clients in communications with the tax departments and acting as tax representatives

We assist clients during tax investigations and tax litigation, including the conduct of proceedings in the Administrative Review Appeal and Tribunal.


Advisory Services:

Various external and internal factors impact on any business undertaking with specific risks being more tangible in certain sectors than others. These variable market conditions carry with them not only risks referred to above but also opportunities. Our business advisory unit provides our existing as well as potential clients with insight onto what may be done to mitigate risks but also to exploit opportunities. From start-ups to developed businesses we provide specialized advice and assistance in mergers and acquisitions, developing financial models, navigating the Tax, VAT legal and regulatory frameworks and analyzing associated risks and providing solutions. Our Advisory services extend to include both local as well as overseas networks who may bring enhanced breadth and width to the matter. Tailor made solutions entailing experience and acumen to varying business problems assert growth achieved through impeccable standards and practical knowledge. Identifying the business’ value proposition is a central element to achieving sound business advice.

Our Advisory provides services relate to establishing solid foundations such as assistance in licensing procedures and compliance. Close at hand are bespoke services which include Corporate services, entailing the setting up and formation of companies, Accounting, Tax, VAT Fiduciary and Resource outsourcing. Providing such financial services advice to steer the organization in the right direction will help clients to anticipate and tackle important business situations. An essential component to develop good relationships between clients and advisers is trust, a scenario in which the client can forward all queries and doubts to his service provider.

Our Advisory team focuses on a 360 Degree approach of business in which all operations are considered and analyzed. Ensuring that an organisation has all the right information with regards to its finances, products and customers will sustain competitive advantage and economic success. Considering how the business world continues to rapidly evolve, anticipating trends and developments within different markets is of vital importance.


Corporate Services:

Our Corporate Services solutions are backed by huge experience in this field. Ranging from company incorporation to company administration our team of trained administrators provide a comprehensive range of support services required by an enterprise particularly in its crucial, initial phases. Using best practice, technology and common sense we ensure that entrepreneurs establishing a business in Bangladesh have access to the support they need so they may focus on consolidating and growing their business.

Accounting Services:

In accordance with the Companies Acts, Income Tax Ordinance, 1984, VAT Acts- 1991 and new VAT Acts 2012 which not yet implemented, every company shall be required to keep proper accounting records at the registered office of the company for a certain years. Our Accounting stuff provides a full range of accounting and support services including bookkeeping and preparation of management accounts in accordance with applicable rules and regulation. Accounting and bookkeeping are necessary for a company to meet its statutory as well as its fiscal obligations. Our Accounting team will provide all the necessary support in this field including dedicated staff who understand your business and its reporting requirements. Additional services include payroll, tax and VAT reporting.


Risk & Compliance:

Our Risk & Compliance offers a wide range of consultancy services to assist clients in meeting their regulatory requirements. In the context of today’s growing challenges, our experienced professionals work with clients to offer specialist advice, operational support and expert solutions that help to achieve on-going regulatory compliance, particularly in the sphere of financial crime compliance.

Having set up a specialised compliance practice, we are the professional firms in Bangladesh to provide a comprehensive specialist consultancy set-up that caters for all the needs of subject persons. Our advisory services offered Risk & Compliance include the carrying out of process audits, detailed gap analyses, the drafting and/or review of policies, procedures and staff manuals, assistance with the drawing up and implementation of remediation plans, staff training, assistance in complying with regulatory obligations, ongoing technical assistance and Compliance Officers, guidance on the shift to risk-based, the updating of processes to bring them in an upper level and on-going regulatory and operational support. Licensed entities can be provided assistance both at a pre-licensing stage and once the licensing process is completed. We also has the capacity to provide specialized consultancy on regulatory and institutional matters to various related government agencies.