_Explanation for non-submission(TCC & AA)

Explanation for non-Submission of Tax Clearance Certificate and Audited Financial Statements YURTEC CORPORATION has established a branch office in Dhaka, Bangladesh for Contract for a) Electric, Communications, Civil engineering, and construction work; b) Piping works for air conditioning, sanitary facilities, water supply and other; c) Selling of generated output by wind force etc. after obtaining necessary approval from conceraned authority and take Branch opening permission of the Bangladesh Investment Development Authority vide Ref. No-03.219.344.00.00.0000.2056.28102018 dated 12 November 2018. This permission is effective from 01.11.2018. We obtained Electronic Tax Payer’s Identification Number Certificate (E-TIN: - 196118240606) from National Board of Revenue on 14 November 2018. As income year of YURTEC CORPORATION, Bangladesh Branch Office commence from 1st July 2018 and would end on 30th June 2019 (as per section 2(35) of income Tax Ordinance,1984), therefore, the due date for submission of income Tax Return of the company would be on or before 15th January 2020 (as per section 5 of section 75 of income Tax Ordinance, 1984 read with sub-section 62A of section-2). Hence, we do hereby declare that we would submit our Audited Financial statements and Income Tax Return within stipulated time as required by respective provision of law. We shall furnish related documents of Tax Clearance Certificate including Audited Financial Statements at your perusal immediately after the assessment will be completed. For YURTEC CORPORATION _____________________ Katsunori Abe Country Manager Date: