Dishonor of cheques is a significant legal issue in Bangladesh. It results in financial conflicts and troubled business relationships. Under the Negotiable Instruments Act, when a cheque is returned unpaid due to insufficient liquidity or other factors, it could lead to criminal liability. That’s why a proper understanding of legal remedies is essential to protect […]
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The registration process for a non-profit organization in Bangladesh is quite complex. It requires thoroughness to detail and compliance with relevant laws and regulations. The process involves gaining government approval, registering with the related government authorities, establishing a board of directors, and other activities. It is important to plan, research, and prepare properly to ensure
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Bangladesh’s tax framework plays a crucial role in driving economic growth and funding public services, with taxes contributing 80% of the country’s total internal revenue. The system covers both personal and corporate income, with corporate tax measures designed to create a balanced tax structure. Bangladesh’s tax system follows a progressive model, where ‘the more a
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Black money or undisclosed money can lead to severe legal consequences, including fines, imprisonment, or asset seizure. Even being associated with black money can damage your personal and professional reputation. So, how to whiten black money (undisclosed money) in Bangladesh? Legal Advice BD is here to help! Understanding Black Money Black money refers to income
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Every year, thousands of Bangladeshi people go for divorce. According to reports, the divorce rate per 1,000 individuals surged from 0.7% in 2021 to 1.4% in 2023. But the majority of these divorces aren’t done following the laws. So, how to get a divorce in Bangladesh? In this article, we’ll walk you through the process! If you
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Many people might think that the process of registering a company in Bangladesh is quite complicated. Worried about the company registration process? Legal Advice BD is here to help! With careful planning and the right resources, you can successfully register your company and embark on a rewarding entrepreneurial journey in Bangladesh Please enable JavaScript in
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In Bangladesh, holding Annual General Meetings (AGMs) is a vital responsibility for companies to ensure transparency and accountability to their shareholders. AGMs allow shareholders to review the company’s performance, elect directors, and make important decisions regarding its future. Understanding AGMs’ procedures and legal requirements is crucial for companies operating in Bangladesh to comply with regulatory
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In today’s dynamic business environment, Value Added Tax (VAT) plays a crucial role for Bangladeshi businesses. While VAT compliance is essential, minimizing tax burdens ethically and legally is a constant concern for entrepreneurs. Here at Legal Advice BD, your trusted legal partner in Dhaka, we understand this need. Wondering How to Avoid VAT Ethically in
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Are you looking to be a tax-paying citizen of Bangladesh? In that case, you must register for TIN or e-TIN because that will help you pay your taxes. These unique identifying numbers are easy to get once you follow our guide. We will share what you need to do and where you need to go
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Paying taxes is one of the biggest duties that every Bangladeshi citizen has to follow once they are of age and have an income. It’s like voting when you are over 18 years of age. This duty, in fact, falls under the Income Tax Ordinance (ITO) of 1984. To ensure that you are able to
How to Submit Tax Returns in Bangladesh? Read More »