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Team TRC‘s plan for preserving voter rights, extending the VAT collection threshold, and encouraging entrepreneurs through VAT provision.
Business owners do not want to understand the VAT law; they want a system for VAT payment.
VAT system brought under the supply chain from producers to consumers.
VAT payment arrangement based on the value addition of each component.
If the amount of VAT payment is fixed at every level of the supply chain, then an invoice will be issued at the correct price including VAT at the time of purchasing goods. This will create an auto VAT monitoring system, ensuring certainty in VAT collection.
If the supply chain is accurately determined from producers to consumers and business types, and a feasible system is developed, it is possible to increase the VAT collection threshold.
By developing a system based on the aforementioned supply chain, if VAT is collected at a single rate at every level, it will be possible to reduce commodity prices.
This system will ensure VAT collection from all levels of businesses, resulting in an increase in government VAT revenue.
Both the government and businesses will benefit from this.
MONITOR THE RESULTS
IT NEEDS DIRECTION
Review the process and analyze its patterns. Document the process history, Run the process. A sales process might seem to be very different from the finance process, but there are certain steps that are universally common to all business processes.
SET REQUIRED ACTIONS
SET ACTIONS & ASSIGN STAKEHOLDERS
Identify the individual tasks your teams and machines need to do in order to execute the plan. What is the purpose of the process? Why was it created? How will you know if it is successful? Machines need to do in order to execute the new plan.
PLAN & MAP YOUR PROCESS
THINK OUT OF THE BOX
What are the strategies needed to achieve the goals? This is the broad road map for the process. A sales process might seem to be very different from a finance process, but there are certain steps that are universally common to all business processes.
Md. Alimuzzaman
Lead Consultant
Missions and Visions
Development of a profitable VAT payment system for every sector of business. A proper VAT management system can reduce the price of a product.
Current Assignments
The Real Consultation
- The Real Consultation is now working as a VAT consultant vendor for the Bangladesh branch of the World Bank Group.
- Provide expert VAT advice to leading corporate clients as well as high net worth individuals on complex VAT issue and provide solutions that minimize their VAT burden.
- Developing VAT system for Mr. Sakib Al Hasan (National Cricketer), Mollik Group, Miami Group, P.N Composite Ltd., Nationtech Communications Ltd. Rangpur Group, Express Leathers Ltd. (Lotto Shoe), Dhaka Cotton Group, Exclusive Cane Ltd., Barger Paint Bangladesh Ltd. and Jotun Paints Bangladesh Ltd.
WORK PROCESS
TRC Unique Approach
Global VAT Compliance stands out for its unique approach, which includes ensuring that the suggested VAT solutions will enable the organization to concentrate on expanding. Our VAT experts will evaluate the VAT procedures and your business model and advise you on how to optimize VAT compliance while at the same time reducing the risk.
- Analysis of the business environment
- Comprehend your business needs
- Optimization of your VAT compliance position
- Support with implementation of VAT recommendations globally
- Delivered by experienced local experts
01. IDEA
Based on client needs, We will provide some good solutions
03. CREATE
If necessary, change the VAT law and solve the problem
02. SYSTEM DEVELOPMENT
We are always ready to train your company’s VAT personnel
04. SPECIALTY
Finally we continue to support clients even after the contract is completed
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LATEST UPDATES AND NEWS
FROM THE BLOG
Md. Alimuzzaman
Lead Consultant
Md. Masudur Rahman
Additional Lead Consultant
Borhan Uddin
Consultant
