Bangladesh Transfer Pricing Documentation Requirements
Bangladesh requires transfer pricing documentation where a taxpayer's international transactions exceed BDT 30 million in the income year, supported by a statement of international transactions filed with the return. An accountant's report certifying the documentation may be requested by the tax authority.
Requirements at a glance
| Requirement | Threshold | Deadline | Deadline type | Language | Penalty |
|---|---|---|---|---|---|
TP documentation Required | Aggregate international transactions > BDT 30m in the income year | By tax return filing date | Preparation deadline The documentation must exist by the date shown and is produced only when the tax authority requests it. | EN | Yes (up to 1% of the value of each international transaction) |
Statement of int'l transactions SIT
Annual filing | Every person entering into an international transaction | With the return of income | Submission deadline The documentation must be filed with the tax authority by the date shown. | EN | Yes |
Calculate your exact Bangladesh deadline
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Scope of the documentation obligation
Transfer pricing documentation must be maintained where the aggregate value of a taxpayer’s international transactions, as recorded in its books, exceeds BDT 30 million in the income year. Every person entering into an international transaction must also furnish, with the return of income, a statement of international transactions in the prescribed form. Separately, the Deputy Commissioner of Taxes may, by written notice, require an accountant’s report certifying that the documents and information maintained are in line with the transfer pricing regulations.
Distinctive features of the Bangladeshi regime
The defining feature of the Bangladeshi regime is the layered compliance built around the statement of international transactions and the accountant’s report. The statement is filed routinely with the return, while the accountant’s report is a certification that the tax authority can call for, providing independent confirmation that the documentation meets the regulations. The penalty for failing to maintain and submit documentation is calibrated to size, set at up to 1 percent of the value of each international transaction. There is no published safe harbour, and there is no Country-by-Country reporting obligation in the regime as captured.
Benchmarking and comparables
Because no local databases are available, regional benchmarking is undertaken. The legislation does not state a preference between single-year and multi-year testing, but as the regime is broadly based on the OECD Guidelines, multi-year data is generally suggested. A fresh benchmarking search each year is preferable, with the rules generally directing the use of data for the relevant financial year, while permitting earlier data where it can be shown to bear facts that influence the analysis. Once a transfer pricing assessment is initiated, no assessment order may be made after three years from the end of the assessment year in which the income was first assessable.
Frequently asked questions
What is the accountant's report in Bangladesh?
It is a certification, which the Deputy Commissioner of Taxes may require by written notice, confirming that the documents and information maintained by the taxpayer are in line with Bangladesh's transfer pricing regulations.
This guide is an informational research aid prepared by Comp-Press and is not tax or legal advice. Transfer pricing rules change; verify current requirements before relying on them for filing.