Income Tax Filing for Startups in Bangladesh: A 2025 Guide

Author: SRCO Business Insights | June 30, 2025

Income Tax Filing for Startups in Bangladesh: A 2025 Guide

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Discover the step-by-step process for filing income tax for startups in Bangladesh. Discover key requirements, tax rates, deadlines, and expert tips to stay compliant and grow your business.

Introduction: Why Tax Filing Matters for Startups

Starting a business in Bangladesh is both exciting and challenging. Among the many responsibilities entrepreneurs face, income tax filing often feels confusing—especially for first-time founders. However, timely and accurate tax filing is crucial for ensuring legal compliance, maintaining investor trust, and fostering sustainable growth.

In this blog, we break down the process of income tax filing for startups in Bangladesh, helping you avoid penalties and focus on building your dream business.

Understanding the Basics of Income Tax in Bangladesh

1. Who Needs to File?

All registered startups—whether a sole proprietorship, partnership (having income above tax free threshold limit) or limited company—must file income tax returns annually with the National Board of Revenue (NBR).

2. When to File?

• Tax Year: July 1 to June 30 (Fiscal Year)
• Return Submission Deadline: Usually November 30 (sole proprietor/partnership) & January 15 (company), unless extended by NBR.

Key Requirements for Tax Filing

To complete your income tax filing, your startup needs the following documents and registrations:

• TIN Certificate (Taxpayer Identification Number)
• Business Trade License
• Bank Statements
• Financial Statements (Income Statement, Balance Sheet)
• Employee Salary Records & TDS details (if applicable)
• Investment & Expense Records

Note: If you’re not registered for a TIN, you can obtain it online through the eTIN Registration Portal.

Tax Rates for Startups in Bangladesh (2025)

Here’s a simplified table for corporate tax rates applicable to startups and small businesses:

Entity Type FY 2024-25 Tax Rate

Private Limited Company (non-listed) 27.5%

One Person Company (OPC) 25%

Small & Medium Enterprises (SMEs) 15% (conditions apply)

Sole Proprietorship As per individual slab

Startups may qualify for reduced SME tax rates, provided they meet turnover and employment thresholds as defined by the NBR.

Tax Incentives for Startups in Bangladesh

To promote Innovation and entrepreneurship, the government offers several incentives:

• Tax holiday for IT/ITES startups (conditions apply)
• Reduced VAT for software and digital service providers
• Investment allowance on R&D expenses
• Startup-friendly loan schemes with tax benefits

Consult with a tax advisor to check eligibility for these exemptions.

How to File Your Income Tax Return: Step-by-Step

1. Prepare Financial Documents
2. Ensure all income, expenses, and asset data are correctly recorded.
3. Log in to the NBR e-Return Portal.
4. Use your TIN to access etaxnbr.gov.bd.
5. Complete the Online Return Form
6. Fill in details like turnover, expenses, taxes deducted, etc.
7. Attach Required Documents
8. Upload digital copies of your balance sheet, TDS details, and other required files.
9. Submit and Download the Acknowledgement
10. Save your submission receipt as proof of filing.

Common Mistakes to Avoid

• Missing the filing deadline
• Incorrect TIN or business information
• Not maintaining digital financial records.
• Failing to deduct or deposit withholding tax (TDS)
• Ignoring NBR audit notices

Outsourcing to a professional tax consultancy can help startups avoid these risks and maintain compliance.

Why Choose SRCO for Startup Tax Filing in Bangladesh?

At SRCO, we specialize in startup tax advisory, offering tailored solutions that include:

✅ TIN Registration

✅ Return Preparation & Submission

✅ Bookkeeping & VAT Compliance

✅ Audit Support

✅ Strategic Tax Planning

Let us handle your taxes so you can focus on scaling your startup.

📞 Contact us today to get started.

Final Thoughts

Income tax filing might seem daunting, but it’s a non-negotiable part of running a business in Bangladesh. Whether you’re bootstrapped or venture-backed, proper tax compliance builds credibility and lays the foundation for long-term success.

Need help with income tax filing for your startup in Bangladesh?

Talk to our experts at SRCO—your trusted startup tax partner.

 

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