Md. Reajul Islam

Partner
Business process outsourcing (BPO) , Corporate finance advisory services , Tax and regulatory services
Photo of Md. Reajul Islam

Reajul is a Fellow member of the Institute of Chartered Accountants of Bangladesh (ICAB). He is a partner of this firm since 2013.  He is a licensed VAT consultant of NBR. He did his graduation in Business Finance and Management from University of Mysore, India.  

Reajul has been working as a practicing accountant for more than 14 years. He has vast experience in providing advisory services on regulatory, business set-up, direct and indirect taxation, transfer pricing, expatriate taxation & mobility services and business outsourcing services for a number of local and multinational organizations, banking and non-banking financial institutions. His regular professional activities include:

  • Direct Taxation: Advisory services, Tax planning, Compliance and Comprehensive tax reviews, International Taxation, Capital Gain Tax, Transactions structuring, Assessments and Litigation services, Tax audit and Investigation, Appeal and Tribunal.
  • Indirect Taxation (VAT): Advisory, Compliance and Litigation services related to VAT and Custom Duty, Comprehensive VAT reviews, Transaction structuring, VAT audit and Investigation, Appeal and Tribunal.
  • Transfer Pricing: Advising on TP planning, Compliances, Restructuring of business model, Feasibility studies, Advance pricing agreements, TP documentation and Return.
  • Business Advisory: Advising on optimal business model based on regulatory, foreign exchange regulations, taxation and other relevant matters, Implementation/Business set-up supports, Inbound/Outbound investments advisory, Dealing with regulators like RJSC, BIDA, Central Bank, EPZ, BEPZA and BEZA, Assistance in obtaining various approvals and licenses, Post implementation support, Regulatory compliances, Mapping of regulatory process, Legal opinion and Liquidation/Winding up services.
  • Expatriate mobility, taxation and other services: Employment contracts/agreements, Cross-border employment tax advice and integration, Assessing residency, Expatriate income tax return preparation,
  • SE-Visa recommendation and Work permit from Bangladesh Investment Development Authority (BIDA), Employment, Multiple and Depended visa and Security clearance from the various authorities in Bangladesh.
  • BPO and Information system:  Back office supports services in the form of BPO (Business Process Outsourcing) like day to day, weekly and monthly accounting, Payroll, Payroll tax processing, Provident fund (PF), Gratuity fund, (GF) and Workers’ profit participant fund (WPPF) services to clients.  Design & implementation of ERP system and it’s different modules of Payroll, PF, GF and WPPF with the assistance of associate software developers.

A passionate tax professional, Reajul also frequently shares his knowledge with clients and non-clients in seminars, briefings and training workshops. He is also a regular faculty of the Institute of Chartered Accountants of Bangladesh (ICAB).

He has participated in many training programs in Bangladesh and abroad, arranged by different organizations on Direct and Indirect taxation, Transfer pricing, Customs duty, Companies Act and Labor Act.