SMAC Advisory Services Ltd.

Heartiest Congratulations to Our Respected Director, Sukanta Bhattacharjee Fca Sir! 🎉

We are delighted and proud to congratulate our respected Director, Sukanta Bhattacharjee Sir, on the publication of his insightful article, “𝐓𝐡𝐞 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐆𝐮𝐚𝐫𝐝𝐢𝐚𝐧: 𝐌𝐚𝐱𝐢𝐦𝐢𝐳𝐢𝐧𝐠 𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐥 𝐀𝐮𝐝𝐢𝐭 𝐕𝐚𝐥𝐮𝐞 𝐢𝐧 𝐌𝐨𝐝𝐞𝐫𝐧 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 𝐆𝐨𝐯𝐞𝐫𝐧𝐚𝐧𝐜𝐞 (𝐁𝐚𝐧𝐠𝐥𝐚𝐝𝐞𝐬𝐡 𝐏𝐞𝐫𝐬𝐩𝐞𝐜𝐭𝐢𝐯𝐞),” in the latest Annual Publication of The Institute of Internal Auditors Bangladesh

This remarkable contribution reflects his deep expertise, professional excellence, and commitment to advancing the auditing profession. It is truly a proud moment for all of us and a testament to our firm’s dedication to thought leadership, continuous learning, and excellence in the profession.

We strongly encourage everyone to read the article and gain valuable insights into the evolving landscape of modern auditing and the future of audit quality.

Once again, heartfelt congratulations to Sukanta Bhattacharjee Fca Sir on this outstanding achievement and stellar contribution to the profession! 👏🎊

Wishing you continued success and many more milestones ahead, Sir.

Read the article from our LinkedIn page:
https://shorturl.at/sr1lJ

Bangladesh Bank has issued FEPD-1 Circular No. 30 (13 Aug 2026), consolidating foreign exchange regulations for import transactions.

𝐊𝐞𝐲 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬:
- OIMS Reporting: Mandatory reporting 24h before opening LCs over USD 3M (non-gov).
- IMP & Bill of Entry: Authenticated Bill of Entry required within 4 months from remittance.
-Usance Tenors: Raw materials up to 270 days; capital machinery up to 3 years. Usance interest capped at benchmark + 3.00% p.a.
-Advance Payments: Allowed up to USD 20k without guarantee (up to USD 50k via ERQ).
- Intercompany Imports: Requires arm’s-length pricing and full AML/CFT compliance declarations.
- Digital Trade: Expanded scope for open account contracts, supply chain financing, and e-documents.
Valid for 1 year from issuance.

This circular is effective immediately and shall remain valid for one year from 13 August 2026

Read the full circular below:
https://www.linkedin.com/feed/update/urn:li:activity:7494927114375180288

Bangladesh Bank has issued PSD-2 Circular Letter No. 06 dated 10 August 2026 regarding the determination of fees/charges for Bangla QR-based transactions. The circular provides that no Interchange Reimbursement Fee (IRF) shall be applicable to Bangla QR-based transactions, thereby reducing transaction costs for the concerned participants.

Key instructions are,

1. Interchange Reimbursement Fee (IRF) for Bangla QR-based transactions shall be zero, meaning no IRF shall be charged between the participating institutions for such transactions.

2. The revised arrangement shall be effective from 01 October 2026.

3. The other instructions contained in PSD Circular No. 02/2025 dated 06 February 2025 and PSD-2 Master Circular Letter No. 08 dated 01 July 2026 regarding Bangla QR-based transactions shall remain unchanged.

This circular will be effective from 01 October 2026. Please find the attached directive for your reference.

Bangladesh Bank has issued PSD-2 Circular No. 03 dated 10 August 2026, introducing an incentive framework to promote the expansion of Bangla QR-based transactions and encourage digital payments among small and medium-sized product and service providers.

Key instructions are,
1. Participating acquiring institutions shall provide a monthly incentive on Bangla QR-based NPSB transactions up to BDT 2,000 per transaction made by eligible small and medium product sellers and service providers through merchant payment facilities.

2. The incentive shall be provided at 0.10% of the transaction value to the acquiring institution and 0.20% to the issuing institution, subject to the prescribed conditions.

3. Incentive shall not be available for transactions involving transaction structuring, splitting of a single transaction into multiple smaller transactions, or failed, reversed, refunded, chargeback, disputed, or subsequently cancelled transactions.

4. Participating institutions must maintain proper transaction records and allow Bangladesh Bank to conduct necessary inspections and audits. Abnormal transaction patterns must be monitored and appropriate measures taken to prevent fraudulent or improper transactions.

5. The above instructions shall be effective from 01 October 2026.

This circular will be effective from 01 October 2026. Please find the attached directive for your reference.

We are pleased to share that our Director, Mr. Snehasish Barua, FCA has been featured in The Financial Express, sharing his insights on the VAT arrear settlement scheme under the Finance Act 2026.
He emphasized the importance of clear implementation guidelines to help businesses resolve long-standing VAT disputes effectively.

Read the full article

NBR targets Tk 80b VAT arrear recovery The National Board of Revenue (NBR) has launched a drive to recover around Tk 80 billion in outstanding value-added tax (VAT) by December 2026, targeting businesses with arrears exceeding Tk 5.0 million under a newly introduced one-time settlement scheme.According to an internal document of the VAT....

Our Director, Mr. Snehasish Barua, FCA has been featured in a recent banglanews24 report, sharing his insights on formalizing Bangladesh's retail economy through digital bookkeeping, Bangla QR, simplified trade licensing, and a practical tax framework to support small entrepreneurs and strengthen revenue collection.

Read the full report:
https://www.banglanews24.com/banglanews-special/news/bd/1670231.details

খুচরা অর্থনীতির সম্ভাবনা, বাংলা কিউআরে বদলাতে পারে রাজস্বের চিত্র একটা মুদি দোকান কিংবা ফুটপাতের ওপর একটা টুকরিতে; রাস্তার পাশে অস্থায়ী দোকান কিংবা ভ্যানের ওপরও কাঁচা তরি-তরকারি .....

We are pleased to share the latest opinion article by our Director, Snehasish Barua, FCA published in Prothom Alo.

The article examines the impact of the 𝐅𝐢𝐧𝐚𝐧𝐜𝐞 𝐀𝐜𝐭 𝟐𝟎𝟐𝟔, particularly the introduction of a 𝟏% 𝐦𝐢𝐧𝐢𝐦𝐮𝐦 𝐭𝐚𝐱 𝐨𝐧 𝐭𝐮𝐫𝐧𝐨𝐯𝐞𝐫 𝐟𝐨𝐫 𝐬𝐦𝐚𝐥𝐥 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬𝐞𝐬. It discusses how this change may affect entrepreneurs, tax compliance, business sustainability, and the broader economy, while highlighting the importance of a balanced and equitable tax policy.

We invite you to read the full article and join the discussion
https://www.prothomalo.com/business/analysis/dunuc61nbt

ছোট উদ্যোক্তাদের ১ শতাংশ ন্যূনতম করের বোঝা, টিকে থাকার লড়াই কঠিন হবে এক কোটি টাকা টার্নওভার ও পাঁচ লাখ টাকা আয়ের ক্ষেত্রে আগে করের পরিমাণ ছিল মাত্র ১০ হাজার টাকা। কিন্তু নতুন নিয়মে উদ...

𝐅𝐢𝐧𝐚𝐧𝐜𝐞 𝐀𝐜𝐭 𝟐𝟎𝟐𝟔: 𝐊𝐞𝐲 𝐂𝐡𝐚𝐧𝐠𝐞𝐬 𝐟𝐨𝐫 𝐓𝐨𝐛𝐚𝐜𝐜𝐨 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲

Prepared and presented by: SMAC Advisory Services Ltd.

Download the PDF from the following link:
https://tinyurl.com/3zbn9kkc

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𝐅𝐢𝐧𝐚𝐧𝐜𝐞 𝐀𝐜𝐭 𝟐𝟎𝟐𝟔: 𝐌𝐚𝐣𝐨𝐫 𝐂𝐡𝐚𝐧𝐠𝐞𝐬 𝐟𝐨𝐫 𝐒𝐭𝐚𝐫𝐭𝐮𝐩𝐬

Prepared & presented by: SMAC Advisory Services Ltd.

Download the PDF from the following link: https://tinyurl.com/29wea5j9

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