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Date: 20th February 2024
To
The Deputy Commissioner of Taxes
Taxes Circle-221 (Company)
Taxes Zone- 11, Dhaka
Subject: Application for seeking permission to follow 1st October to 30th September as the financial year of Daiki Axis Bangladesh Limited.
Dear Sir,
With reference to the subject mentioned above, we Daiki Axis Bangladesh Limited (RJSC Reg. No. C-193057/2024, Reg. Date: 11-JAN-24) at GA-131/1, Middle Badda, Dhaka-1212, Bangladesh is a 100% Japanese company. Our parent company Daiki Axis Singapore Pte. Ltd. maintains the financial year from 1st October to 30th September, we are required to follow the same financial year for consolidation of our accounts with the parent company. As per Income Tax Act, 2023 section-2(15), “Provided that the Deputy Commissioner of Taxes may allow a different financial year for a company which is a subsidiary, including a subsidiary thereof, or a holding company of a parent company incorporated outside Bangladesh or a branch or liaison office thereof if such company requires to follow a different financial year for the purpose of consolidation of its accounts with the parent company”.
It is mentionable that, the board of directors of Daiki Axis Bangladesh Limited has agreed to change the financial year and decided to follow the financial year from 1st October to 30th September, the same as the parent company.
Therefore, it is requested to accept our application as well as provide the necessary approval to change the financial year change of Daiki Axis Bangladesh Limited.
Yours faithfully,
🗸
________________Rui Owase Managing Director Daiki Axis Bangladesh Limited
Enclosed:
Consolidated Financial Statement of the parent company (Daiki Axis Singapore Pte. Ltd.)
Incorporation Certificate.
MOA & AOA
Form XII
Board Resolution
TIN Certificate.