Tax Update 2021-2022 Bangladesh

1.)    Tax Rate: a.)    Minimum Tax Rate It is proposed to decrease the business turnover tax rate for individual taxpayers from 0.5% to 0.25%. b.)   Reduction of tax rates of the company Publicly traded company tax rate is proposed to be reduced from 25% to 22.5%. It is proposed to reduce the tax rate of […]

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Khan Saifur Rahman & Associates joins IR as the exclusive Commercial Arbitration member in Bangladesh

IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Khan Khalid Adnan of Abayazid And Abdourahman. Khan Khalid Adnan has joined IR as our exclusive member for Commercial Arbitration in Bangladesh KSRA believes in group work and it has an excellent team of legal experts in its area of specialization. […]

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Breach of Contract

by Anika Mardiah Chowdhury A contract is an agreement made between two or more persons and a contractual agreement is a legally binding agreement between parties. The contractual agreement contains terms and conditions between the parties for example either to do or to refrain from somethings. A contractual agreement is legally enforceable if contains certain […]

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Copyright and Protection against Infringement in Bangladesh

By Miss Mardiah Chowdhury Intellectual property refers to any confidential information, trademark, industrial design, copyright, or any patent which is required to be protected. Copyrights are one of the sub-divisions of intellectual property and this includes artistic works or cinematograph films or any music. These copyright are exclusive rights given under the copyright law to […]

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Company Registration in Bangladesh

Incorporating a business in Bangladesh has been simplified over the years due to interventions by the Government.  Foreign Investors (“Promoters”) intending to invest in Bangladesh has multiple options to incorporate their business in Bangladesh. Out of these options, registering a limited company is considered most suitable for long term operation. This article is designed to […]

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Employee’s Rights at Workplace in Bangladesh

By Anika Mardiah Chowdhury Bangladesh is a populated country and here most people include in the labor force. Most of the labor organizations or companies or garments have their own rules and regulations but all of them had to follow the minimum statutory standards and must make rules according to the same. Bangladesh employment law […]

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Commercial Disputes Settlement Through Arbitration in Bangladesh

By Anika Mardiah Chowdhury A commercial dispute can be defined as a dispute that arises between the parties in trade or commerce. Which involves arguments about money or about pricing or quantity of goods or others. Hence a commercial dispute can be defined as a disagreement between two or more businesses regarding the supply of […]

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Share transfer process for Companies in Bangladesh.

by Ferdous Ara Tuly According to Section 2(1)(v) of the Companies 1994, “Share” means a share in the capital of the company, and includes stock except when a distinction between stock and shares is expressed or implied. One of the elements of a company is that its debentures or shares are moveable property and these […]

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Investment by non-resident investors in Alternative Investment Funds under BSEC (Alternative Investment) Rules, 2015

Chapter  9 of the Guidelines for Foreign  Exchange  Transactions-2018,  Vol-1 outlines operational procedures for non-resident investors to make direct and portfolio investment in Bangladesh.  To bring wider scope in foreign investment,  it has been decided to allow foreign investment in Alternative  Investment  Funds  (AIF) registered under Bangladesh Securities and Exchange Commission (Alternative Investment) Rules, 2015. […]

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