Analysis of tax-VAT payment system of Dhaka Bank Limited

Abstract

Dhaka bank has quite a strong market image. Local people know Dhaka Bank as a centered of trust and professional where local expertise use to serve. Dhaka Bank Limited is a reputed company in banking industry of Bangladesh. Among a number of Bangladeshi banks, Dhaka Bank Limited is one of the bests for its incredible advancement towards global banking standard and adaptation to new technological innovation and implementation. Dhaka Bank Limited is a valued corporate taxpayer of Large Taxpayer Unit (LTU) and National Board of Revenue (NBR). It manages a competent system of TAX and VAT payment under the direct surveillance of the Head of Finance and Accounts Division. As an intern of Finance of Accounts Division (F&AD), Head Office, I was assigned by my official supervisor to work in the TAX-VAT sector. So my access to the whole TAX-VAT determining and paying system was not slim. My site supervisor assigned me to aid in the day to day operation of the TAX-VAT sector and also to reorganize the filing system of the whole Finance & Accounts Division. Everything I was assigned to do was knowledgeable, interesting and moreover practical. I have got the essence of the real picture of corporate world and therefore it contributed heavily to my experience of the real scenario of the economy of Bangladesh. For reader’s information, this report consists of three parts. The first part describes the details of the organization with its history of establishment and the structure of the board and the Finance and Accounts Division. The second part is all about my day to day tasks and coursework. The whole TAX-VAT payment system and some pointers generated by me to improve efficiency of the system are laid in the last part.