What is Tax Identification Number (TIN)
TIN stands for Taxpayer Identification Number (TIN).
In which e-TIN is the electronic tax code (e-TIN).
In Bangladesh, the only agency that provides a Tax Identification Number (TIN) is the National Board of Revenue (NBR).
To get a tax identification number, one can apply either manually or electronically through the National Board of Revenue (NBR).
Taxes are the main source of government revenue in any country.
The current government with the aim of digitizing countries has implemented Electronic Tax Identification Number (E-TIN) with the aim of improving the effectiveness and efficiency of tax collection procedures. In this case, the Tax Identification Number (TIN) certificate is a very important document for Bangladeshi individuals and businesses.
Under the Income Tax Ordinance, 1984, under section 124A, without reasonable cause, if a person uses the tax identification number (TIN) of another person or uses a false tax identification number (TIN) at the time of return your tax, the Deputy Commissioner of Taxes (DCT) may impose a penalty of up to BDT 20,000.
Under section 124AA, if, without reasonable excuse, a person fails to verify the authenticity of the twelve-digit tax identification number (TIN), the Deputy Commissioner of Taxation (DCT) or any income tax authority otherwise authorized by the Commission for this purpose.
For this purpose, a penalty of up to BDT may be imposed.
50,000.
How to Obtain TIN Certificate in Bangladesh
- To obtain a Tax Identification number (TIN) number, the following documents need to submit with the application:
- Photocopy of Trade License
- Personal Details (If Person)
- Copy of Memorandum and Articles of Association (If Company)
- Bank Solvency Certificate(If Company or Proprietorship)
- Three copy of photograph of Owner (If Proprietorship)
- Three copy of photograph of Managing Director (If Company)
- Three copy of photograph (If Person)National ID/ Passport copy of Entrepreneur
- Mobile phone number
- Incorporation number of the company
- Date of incorporation of the company
- Name of authorized person