How to Become a Tax Lawyer in Bangladesh: Degree & Salaries

Become a Tax Lawyer in Bangladesh

Become a Tax Lawyer in Bangladesh

A tax lawyer in Bangladesh along with an accountant both is there to help you in your hour of need. Because it implies that you’re not just fighting numbers so you’re fighting the law, the term “attorney” has a more ominous ring to it. Also, this is accurate to some extent.

Although you don’t necessarily have to be in the fight of your life before an attorney’s services, tax lawyers can handle certain things that accountants can’t. Also, a tax lawyer can come in handy than an accountant. Those who are specialized in the complex and technical field of tax law are tax lawyers.

In associated with the tax situation, they’re best for handling complex, technical and legal issues. Despite stepping in a tax lawyer, you can consult with one in advance can help you avoid problems.

Why Become a Tax Lawyer in Bangladesh

As reports 6 percent growth for the position through 2024, the demand for tax lawyer is increasing. Aspiring Tax Lawyer in Bangladesh is likely to find many job opportunities with the given this projected growth in the business sector of a corporation, at a boutique law firm, or in private practice.

Start searching online for job opportunities when your resume is complete. You should be sure to make the most of your professional network as you look for tax lawyer openings.

Write a cover letter that expresses your interest in the position when applying for jobs. And what you would bring to the role highlights your qualifications.

Also, here are some areas that you can get your specialization while studying your law degree, including corporate law, financial services, business taxation etc.

There are some other reasons to become a tax lawyer in Bangladesh and some of them are like you’ll have a-

  • Greater stability
  • Better work-life balance
  • Good salary
  • Difference
  • Fascinating work
  • Lots of variety
  • Further, specialize

Degree & Salaries of a Tax Lawyer in Bangladesh

If you want to become a tax lawyer in Bangladesh then you need to have a background in business or accounting. You can complete an undergraduate degree program in business or accounting to obtain this background.

Although the majority of law schools require that applicants graduate from a bachelor’s degree program prior to applying for admission, there is no specific undergraduate field of study required to be admitted to law school.

That’s why many law students possess bachelor’s degrees in the humanities, economics or history.

On the other hand, depending upon the specialization and experience, a tax lawyer in Bangladesh can earn between BDT6 Lakhs to BDT 22 Lakhs per annum. But, the earnings get higher with experience, degrees, and certifications.

Best read: Criminal Lawyer in Bangladesh: Degree & Salaries

Steps to Become a Tax Lawyer in Bangladesh

As they don’t need to have an accounting degree, plenty of students get hooked on tax law after they come to law school. Although you don’t even need to be a numbers whiz, if you have a background in business or accounting and you’re considering law school, tax law is a great way to marry your interests and skills.

By looking for law schools with tax-related extracurricular, expert faculty with related experience, and tax clinics, you can find strong tax law programs.

As it can also help to look for a law school mentoring program, it will pair yours with individuals with tax law experience. Now, let’s know how to become a tax lawyer in Bangladesh.

First Step: Education and Training

It requires graduation from a college or university and being able to complete three years of law school if you want to be a tax lawyer in Bangladesh.

Although the tax lawyer’s career begins by earning a Bachelor’s Degree with a background in business or accounting, you cannot apply to law school without that degree.

You should take the Law School Admission Test to prepare for law school, which is required to become a tax lawyer.

It’s advised that you gain hands-on experience in tax laws by completing a summer or semester internship with a law firm that specializes in taxation to prepare yourself in your career before graduating from law school.

You must pass a state bar examination after graduating from law school, where you will have had earned a higher law degree.

As you cannot work as a lawyer without having passed this test, you must pass a state bar examination. You’re legally allowed to work in the taxation law field when you do so.

Second Step: Obtain an Internship

By completing a summer or semester internship with a law firm that specializes in taxation you can gain hands-on experience in tax law while in law school.

With locating an internship at a law firm, Bangladesh Bar Association may offer assistance. Apart from this, student activities, such as the law review and the political science club, also provide opportunities to gain experience and network.

Third Step: Earn an LLM Degree

Sometimes those who have an LLM in tax law they get preference by the employers.

This is because employers may prefer candidates with LLM degrees and completing one of these programs may increase job opportunities.

When you’ll be studying in these courses, you’ll learn topics like income tax accounting, tax practices and procedures, taxation of energy markets and taxation of property transactions.

You must complete a bachelor’s degree program to become an income tax lawyer along with LLM and other training.

Fourth Step: Start Working

Although this legal specialty can get your mind firing on all cylinders, the tax code is challenging, and there are always new regulations to stay on top of. That’s why you enjoy problem-solving and puzzles if you love being an expert.

After earning an LLM in Taxation, you might also bolster your JD in tax law with continuing education. While sharing your tax law expertise by writing articles and presenting at conferences or other professional events, you can make a name for yourself in the field. And even tax lawyers want to learn from other tax lawyers in a specialty as ever-changing as tax law.

Fifth Step: Select a Reputed Tax Firm

You should gain a position at a firm of solicitors that specializes in insurance law to become a tax lawyer in Bangladesh.

You can apply for a tenancy as a self-employed barrister in a chamber or as an employed barrister with an organization such as the Crown Prosecution Service of the UK for barristers after the pupilage. Many people consider an LLM in Tax Law to sharpen their skills and develop their understanding after qualifying as a solicitor or barrister.