Partnership firmBangladesh
What it takes to form, own and run a general partnership in Bangladesh, and how its profit is taxed. Each figure links to the page it was read from.
This company type
At a glance
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Every partner is liable, jointly with all the other partners and also severally, for all acts of the firm done while he is a partner.
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Persons who have entered into partnership with one another are called individually "partners" and collectively "a firm"
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PARTNERSHIP FIRM (Partnership Act, 1932) i. Registration fee: BDT. 10.00
Form it
Who registers it
- Registry
- Formed without visiting
- Not stated
The registry’s and the law’s own pages do not mention it.
- Formed online
- Yes
What it takes to form
Not in our records A notary, A resident director, Paying up the capital: none of these is in our records for the Partnership firm.
Own it
Who may own and run it
- Directors
- Does not apply
- Shareholders
- Does not apply
- Members
- At least 2 · at most 20
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Persons who have entered into partnership with one another are called individually "partners" and collectively "a firm"
- A local company secretary
- Does not apply
- A local registered agent
- Does not apply
Each year, at the registry
Not in our records Annual registry fee, Accounts on the public record, Audit for a small company, Audit: none of these is in our records for the Partnership firm.
Important dates
When each obligation falls due, as the authority states it.
Not in our records No dates for the Partnership firm are in our records.
What is public
Not in our records What the register shows the public is not in our records for the Partnership firm.
Tax
Tax on profit
How this company type is taxed, which can differ from its place’s headline rate.
Not in our records
Income-tax Act 2023 s.187: a firm is assessed first on its own total income, then the income is divided among the partners in proportion; s.80 gives a partner average-rate treatment of the firm share income in his own total income. The rate applied to the firm itself was not read from a legible text.
- CFC rules in Bangladesh
- Not in our records
Close it
Closing it
The other end, which most guides leave out.
- Route
- A firm is dissolved by consent of all partners or under the partnership contract (s.40), compulsorily or on the contingencies in ss.41-42, by notice where the partnership is at will (s.43), or by the Court (s.44); the partners of a registered firm may give the Registrar notice of the dissolution (s.63).
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40. A firm may be dissolved with the consent of all the partners or in accordance with a contract between the partners
- Statutory fee
- Not in our records
Every business in Bangladesh
VAT
- Standard rate
- 15%
Exports are zero-rated; reduced-base rates of 1.5%, 2%, 2.5%, 4%, 5%, 5.5%, 6%, 7.5%, 9% and 10% apply to some services.
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The standard rate of VAT is 15%. Applicable rate of VAT in case of import and supply is 15% and in case of export is 0%.
- Other rates
- 0% Exports of goods and services
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The standard rate of VAT is 15%. Applicable rate of VAT in case of import and supply is 15% and in case of export is 0%.
- Registration threshold
- BDT 8,000,000
turnover, excluding exempt supplies, capital asset sales, sale of the business and supplies on permanent closure; 12 months (the preceding 12 months, or the succeeding 12 months on an estimate)
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the limit of Taka 80 (eighty) lakh as turnover of an economic activity of any person
- Voluntary registration
- Yes
A person making a taxable supply who is not required to be registered may apply voluntarily to the Commissioner for VAT registration.
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Any person, making a taxable supply in the process of economic activities are not required to be registered, may voluntarily make, within such time, on such terms and in such manner as may be prescribed, an application to the Commissioner for VAT registration.
- A foreign company
- needs a local tax representative
A non-resident individual who operates an economic activity from a particular place in Bangladesh does so by appointing a VAT agent; the FAQ does not state whether the registration threshold applies or from which supply registration runs.
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If any non-resident individual likes to operate economic activity from a particular place in Bangladesh, he will operate his economic activity or business by appointing a VAT agent.
- Returns filed
- Monthly
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in relation to VAT and supplementary duty, one month of the Christian Calendar
- Tax authority
- Registration page read 2026-10-22
Payment and banking services
None of the services whose lists we hold names Bangladesh. Each provider, and what a listing means.
Reference
Its name and code
- Kind
- General partnershipDerived our grouping, the same words in every country
- Name in law
- Partnership firm
- Identifier
- BD-PARTNERSHIP-FIRMA form ISO 20275 does not list.