Date:
To
The Deputy Commissioner of Taxes
Taxes Circle-007 (Company)
Taxes Zone- Narayanganj.
Subject: Application for seeking permission to follow 1st January to 31st December as the financial year of Naxis BANGLADESH CO., LTD.
Dear Sir,
With reference to the subject mentioned above, we NAXIS BANGLADESH CO., LTD. (RJSC Reg. No. C-209494, Reg. Date: 15-Apr-26) at Lot No. A10, Bangladesh Special Economic Zone (BSEZ), Sonpara, Panchrukhi Via Rupganj, Araihazar, Narayanganj-1460, Bangladesh, is a 90% Japanese and 10% Chinese company. Our parent company NAXIS CO., LTD. maintains the financial year from 1st January to 31st December, 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 Naxis BANGLADESH CO., LTD. has agreed to change the financial year and decided to follow the financial year from 1st January to 31st December, 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 Naxis BANGLADESH CO., LTD.
Thanking you,
_____________
Nakamura Taiho
Chairman
Naxis Bangladesh Co., Ltd.
Enclosed:
Consolidated Financial Statement of the parent company (Naxis Co., Ltd.)
Incorporation Certificate;
MOA & AOA
Form XII
Board Resolution
TIN Certificate.