Rahman Rahman Huq, Chartered Accountants (KPMG in Bangladesh), organised a workshop on the ‘New Corporate Tax Landscape and Transfer pricing,’ reviewing the country’s fiscal framework, Export Processing Zone operations, and international tax developments, said a press release.
The workshop held on Wednesday at the Chittagong Export Processing Zone.
M Mehedi Hasan, partner of Rahman Rahman Huq, presented the keynote paper.
Soyeb Ahmad Chowdhury, head of the Chattogram Branch, Sarker Nahidul Islam, director, Tax and Advisory Services, Mohammad Fuad Uddin Khan, director, Transfer Pricing Services, and Sk Aminul Islam, associate director, Tax, attended the event.Â
Speakers underscored the continued importance of export processing zones in driving Bangladesh’s industrial expansion, export diversification, and foreign investment under the Bangladesh Export Processing Zones Act 1980.
They further said that investors benefit from key fiscal incentives – including a 12 per cent reduced corporate tax rate, income tax holidays of five to seven years, zero-rated VAT on exports, and duty-free import of raw materials and machinery until 2030 – as well as cash incentives of 0.3 per cent to 10 per cent across sectors such as ready-made garments, pharmaceuticals, IT, jute, and agro-processing.
The discussion placed strong emphasis on transfer pricing compliance, noting that the National Board of Revenue has commenced TP audits for the first time since introducing TP regulations into Bangladesh’s tax regime.
Experts warned that incomplete or unreliable TP documentation could result in penalties of 1 per cent to 4 per cent of transaction value, urging companies to enhance compliance and ensure accurate reporting.
They discussed the First Sale for Export mechanism for U.S. exporters and global developments related to the OECD’s BEPS Pillar Two framework, which introduces a 15 per cent global minimum tax for large multinationals, even though Bangladesh is not a signatory.
Through this initiative, Rahman Rahman Huq reaffirmed its commitment to promoting transparency, compliance, and sustainable fiscal governance under Bangladesh’s evolving tax and transfer pricing regime.
