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Most Effective Personal Income Tax Planning in Bangladesh
Offering 3 Perfect Personal Income Tax Planning For Directors & Shareholders
1. Director's salary
2. Director's fees
1.Director fees received under the employment contract, he can identify the fees in the same year.
2. For authorized director fees in arrears, the director shall usually attend the annual general meeting or extraordinary general meeting of the company entitled to receive the director’s fee on the day of the vote and approval.
3. For advance authorized manager fees, the operator is not entitled to receive operator fees on AGM / EGM date. Instead, he is entitled to receive a manager’s fee when he provides his services for the financial year ended December 31.
Dividends received by the shareholders of a Bangladeshi company are tax-free under one-tier corporate tax system. This means that shareholders will not be taxed on such dividend income. Simply put, dividends are distributed from the company’s profits after taxes.
You may want to consider other factors that may affect how much you pay or manager fees. For example,
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2.Your employer did not refund the cost; And
3.Expenditure was not capital or personal in nature.
Keep documents and records of tax payments
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FAQ For Personal Income Tax Planning in Bangladesh
When is the tax arrears? How will NetworkBD help you with this?
What is included in personal income tax?
When will I get my refund?
Is a salary before or after taxes?
When people talk about income and salary and tell you how much money they make, the numbers they refer to are usually pre-tax numbers. This means that they are talking about their income before taking any tax. The point is, when you get paid, your pay is paid post-tax.