Trade License Renewal Cost Calculator (Bangladesh)
Estimate the cost of renewing a trade licence, where the base fee depends on the business type and a late fee applies for each month of delay.
Recent
Formula
How the calculation works
Enter the base fee for your business type, the VAT percentage, the late fee per month and the number of months late.
The tool adds VAT to the base fee and multiplies the monthly late fee by the months of delay.
It sums the base fee, VAT and late charges to give the total amount payable for the renewal.
Common mistakes
- Renewing after the expiry date, because the renewal fee equals a new licence and a late charge is added for every month overdue.
- Using a shop's base fee for an industrial unit, since industrial licences carry higher fees because of extra documents and inspections.
When to use it
- Use it to budget the renewal before the licence expires and the late fee starts.
- Use it to compare the renewal cost of a shop and an industrial unit, since the base fee differs by business type.
Worked example
A base fee of Tk 3,000 with 15 percent VAT is Tk 3,450. Two months late at Tk 200 a month adds Tk 400, bringing the total to Tk 3,850.
Common questions
How much is the renewal fee compared with a new licence?
The renewal fee is normally the same amount as a new licence for the same business type, with a late charge added if the renewal is submitted after expiry.
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