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    Jusef
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    The letter provides information about an 80% VAT exemption on electricity and gas bills available to companies that become 100% export oriented. It notes that according to SRO 154-ain/2005/445 of the Value Added Tax Act of 1991, such companies can deduct 80% VAT from their electricity and gas bills. It advises applying for permission from the VAT commissioner under Rule 38 of the Value Added Tax Act of 1991 in order to receive this benefit. The letter is signed by Md. Jusef Ahmmed, a partner at Portfolio Business Consultancy Firm who provides various business services including company registration and legal affairs, taxation, VAT, accounts, auditing, and services related to Bangladesh government departments.

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    The letter provides information about an 80% VAT exemption on electricity and gas bills available to companies that become 100% export oriented. It notes that according to SRO 154-ain/2005/445 of the Value Added Tax Act of 1991, such companies can deduct 80% VAT from their electricity and gas bills. It advises applying for permission from the VAT commissioner under Rule 38 of the Value Added Tax Act of 1991 in order to receive this benefit. The letter is signed by Md. Jusef Ahmmed, a partner at Portfolio Business Consultancy Firm who provides various business services including company registration and legal affairs, taxation, VAT, accounts, auditing, and services related to Bangladesh government departments.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    102 views3 pages

    VAT Exemption

    Uploaded by

    Jusef
    The letter provides information about an 80% VAT exemption on electricity and gas bills available to companies that become 100% export oriented. It notes that according to SRO 154-ain/2005/445 of the Value Added Tax Act of 1991, such companies can deduct 80% VAT from their electricity and gas bills. It advises applying for permission from the VAT commissioner under Rule 38 of the Value Added Tax Act of 1991 in order to receive this benefit. The letter is signed by Md. Jusef Ahmmed, a partner at Portfolio Business Consultancy Firm who provides various business services including company registration and legal affairs, taxation, VAT, accounts, auditing, and services related to Bangladesh government departments.

    Copyright:

    © All Rights Reserved
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    of 3

    Help Line: 01714-213221

    Date: 27-02-2019
    To
    The Honorable Sir
    Bangladesh.

    A letter of 80% VAT exemption on electricity & gas bill.

    Sir,
    According to SRO no 154-ain/2005/445, Value Added Act 1991, you will get 80% VAT
    exemption on Electricity & Gas bill, if your company becomes 100% export oriented.

    Sir, when your electricity & gas bill will be created in that time 80% VAT will be deducted
    from the bill. For getting these types of benefit you have to take permission from
    commissioner of VAT under rules 38 of Value Added Tax-1991.

    MD. JUSEF AHMMED


    Partner
    PORTFOLIO Business Consultancy Firm
    CA (Professional Level)
    Income Tax Lawyer
    M.B.A, B.B.A, L.L.B
    Cell No. 01714-213221
    Sir, we are providing mention services which may be required by your business:

    01. Company & Legal affairs: As Per Company Act-1994 with RJSC.
    a. Name clearance.
    b. Article of Association /Memorandum of Association.
    c. Company registration.
    d. Return fillings.
    e. Issuance of certified copy.
    f. Struck off.
    g. Share transfer.
    h. Trade mark.
    i. Others (As per company act-1994).

    02. Taxation: As Per Income Tax Ordinance & Rules-1984 with NBR.
    a. TIN certificate.
    b. Individual tax calculation & return submission.
    c. Company & firm’s tax calculation & return submission.
    d. Income tax certificates.
    e. Transfer pricing issue.
    f. Appeal to taxes appellate tribunal.
    g. Meeting with commissioner.
    h. Others (as per income tax act-1984).

    03. VAT: As Per Value Added Tax Act & Rules-1991 with NBR.
    a. VAT registration.
    b. Price declaration mushak –1.
    c. Mushak –7 for ATV.
    d. Registration place change by mushak-9.
    e. Control mushak -16,17,18.
    f. Submission of VAT return mushak-19.
    g. Drawback.
    h. Others (as per value added tax act-1991).

    04. Accounts: As Per IAS/BAS.


    a. Accounts development.
    b. Control account, error, and omission.
    c. Recording process development.
    d. Inventories valuation.
    e. All the accounting standards explanation.
    f. Others (as per IAS / BAS).
    05. Auditing: As Per ISAs (International Standards on Auditing).
    a. External audit report by audit firm.
    b. Special investigation & reporting.
    c. Internal control.
    d. Fraud investigation.
    e. Evidence collection & reporting.
    f. Segregation of duties.
    g. Going concern issue.
    h. Others (as per international standards on auditing).

    We also provide following department services:

     Bangladesh Security Exchange Commission (BSEC).


     The Bangladesh Investment Development Authority (BIDA).
     Public Private Partnership (PPP).
     Bangladesh Bank (BB).

    NOTE: Government Certified Income Tax Adviser.

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