15 May How to Obtain a Certificate for a Tax Identification Number (TIN) in Bangladesh
The process for obtaining the Tax Identification in Bangladesh, as well as the necessary paperwork, will be covered in this guide.
For any government, taxes are its main source of revenue. In order to track tax payments to the government, the government issues a Tax identity Number (TIN), often known as an identity number provided to an individual or a company.
The applicant in Bangladesh can only receive a TIN Certificate from the National Board of Revenue (NBR). In Bangladesh, TIN certificates may be applied either physically or electronically through NBR.
E-TIN is the term used when obtaining a TIN certificate electronically in Bangladesh. Regardless of their annual income, every citizen who has a job is needed to obtain a TIN Certificate.
In addition, every business entity, including a company and a branch or liaison office, must apply to NBR for a TIN Certificate in order to conduct business.
E-TIN was implemented by the present administration to improve the effectiveness and quality of the tax collecting process as part of the country’s digitalization effort.
If done correctly with the proper documentation, acquiring a tax certificate online is a simple and hassle-free process. All tax certificate-related provisions are included in the Tax Ordinance, 1984.
A Step-by-Step Guide: How to get an E-TIN Certificate in Bangladesh
If you are a business owner or an individual in Bangladesh, obtaining an Tax Identification is an essential step to ensure tax compliance and efficient tax filing. Here is a step-by-step guide on how to get an E-TIN certificate in Bangladesh:
Step 1: Visit the National Board of Revenue (NBR) website: Go to the official website of the NBR (www.nbr.gov.bd) and click on the "E-TIN Registration" option.
Step 2: Register as a taxpayer: If you are not already registered as a taxpayer, you will need to complete the registration process by providing your personal information and business details.
Step 3: Fill out the E-TIN application form: Once you have registered as a taxpayer, you will need to fill out the E-TIN application form. This form can be downloaded from the NBR website or obtained from a local tax office.
Step 4: Provide supporting documents: You will need to provide supporting documents such as your national ID card or passport, as well as proof of your business registration, such as your trade license.
Step 5: Submit your application: Once you have filled out the application form and gathered all the required documents, you can submit your application to your local tax office or online through the NBR website.
Step 6: Pay the fee: There is a fee for obtaining an E-TIN certificate, which can be paid online or at a designated bank. The fee may vary depending on the type of taxpayer and the nature of the business.
Step 7: Wait for approval: After submitting your application and paying the fee, the NBR will review your application and may conduct an inspection of your business premises. If everything is in order, you will be issued an E-TIN certificate.
Step 8: Download your E-TIN certificate: Once your application is approved, you can download your E-TIN certificate from the NBR website. You can use the certificate to file your tax returns online, pay taxes using various payment methods, and participate in government tenders.
Obtaining an E-TIN certificate in Bangladesh is a crucial step for tax compliance and efficient tax filing. By following the simple steps outlined above, you can get your E-TIN certificate and enjoy the benefits of being a responsible taxpayer.
Documentation Needed in Bangladesh to Apply Manually for Tax Identification
To apply manually for a Tax Identification Number (TIN) certificate in Bangladesh, you will need to gather the following documents:
- National ID card or passport: You will need to provide a copy of your national ID card or passport as proof of your identity.
- Trade license: If you are a business owner, you will need to provide a copy of your trade license as proof of your business registration.
- Bank account information: You will need to provide information about your bank account, such as the account number and bank name.
- Recent passport-size photograph: You will need to provide a recent passport-size photograph of yourself.
- TIN certificate of the parent company (if applicable): If you are applying for a TIN certificate for a subsidiary or a branch of a parent company, you will need to provide a copy of the parent company’s TIN certificate.
- Other relevant documents: Depending on your specific circumstances, you may need to provide other relevant documents, such as proof of property ownership or tax clearance certificates.
It is important to note that the required documents may vary depending on the type of taxpayer and the nature of the business.
Therefore, it is always a good idea to consult with a tax professional or the National Board of Revenue (NBR) to ensure that you have all the necessary documentation before applying for a TIN certificate manually.
EicraBD's Assists on obtaining E-TIN Certificates in Bangladesh
They provide a user-friendly and efficient service to help taxpayers obtain their E-TIN certificates without any hassle. EicraBD’s assistance includes the following:
- Providing guidance on the E-TIN registration process:
EicraBD can help guide you through the E-TIN registration process, including the required documentation and the steps involved in obtaining your E-TIN certificate.
- Online E-TIN application:
EicraBD offers an online E-TIN application service that allows taxpayers to apply for their E-TIN certificates from the comfort of their homes or offices.
- Follow-up support:
EicraBD provides follow-up support to ensure that taxpayers receive their E-TIN certificates in a timely manner. They also provide assistance with any issues or concerns that may arise during the application process.
- Customer service:
EicraBD has a dedicated customer service team that is available to answer any questions or concerns you may have about the E-TIN registration process.
By using EicraBD’s assistance, individuals and businesses can save time and ensure a hassle-free experience when applying for their E-TIN certificates.
Tax & VAT Law & Procedure
Based on income or profits earned
Based on value added to goods and services
Collected by national or local governments
Collected by businesses on behalf of the government
Usually paid annually or quarterly
Paid on every transaction
Deductions for expenses and losses allowed
Tax rate varies based on income or profits earned
Uniform VAT rate on most goods and services
Self-assessment or assessed by tax authorities
Self-assessment by businesses with audits by tax authorities
Penalties for non-compliance
Penalties for late filing or incorrect VAT collection
A Tax Identification Number (TIN) is a unique identification number assigned to individuals and businesses for tax purposes. It is an important requirement for filing tax returns, paying taxes, and conducting business transactions in many countries, including Bangladesh.
Obtaining a Tax Identification in Bangladesh can be done manually or online through the National Board of Revenue (NBR) or with the assistance of third-party service providers such as EicraBD.
The required documentation and application procedures may vary depending on the type of taxpayer and the nature of the business.