How to obtain TaxPayer's Identification Number for Company in Bangladesh

Documents Required for obtaining TIN for Company in Bangladesh

-       To obtain a Tax Identification number (TIN) number, the following documents need to submit with the application: 

1. Photocopy of Trade License
2. Personal Details (If Person)
3. Copy of Memorandum and Articles of Association (If Company)
4. Bank Solvency Certificate(If Company or Proprietorship)
5. Three copy of photograph of Owner (If Proprietorship)
6. Three copy of photograph of Managing Director (If Company)
7. Three copy of photograph (If Person)National ID/ Passport copy of Entrepreneur
8. Mobile phone number
9. Incorporation number of the company
10. Date of incorporation of the company
11. Name of authorized person

     Official Time limit

-        5 hours

Government fees

NIL

What is Tax Identification Number (TIN)

TIN means Tax Identification Number (TIN). Where e-TIN means Electronic Tax Identification Number (e-TIN). In Bangladesh, The only authority to provide the Tax Identification Number (TIN) is National Board of Revenue (NBR). To obtain Tax Identification Number, one can apply either in manually or electrically through National Board of Revenue (NBR).

Tax is the main source of revenue for the government of any country. The current government, which is aimed to digitalization the nations have pursued the Electronic tax identification number (E-TIN) with the aim of enhancing the effectiveness and efficiency of tax collection procedure. Under this scenario, Taxpayer’s Identification Number (TIN) Certificate is very important documents for Bangladeshi personnel and companies.

As per The Income Tax Ordinance, 1984,

Under section 124A, without reasonable cause, if any person uses other persons Tax Identification number (TIN), or use fake tax identification number (TIN) during the time of submitting return of income then Deputy Commissioner of Taxes (DCT) may impose penalty upto BDT 20,000.

Under section 124AA, without reasonable cause, if a person fails the verification of the authenticity of twelve-digit tax identification Number (TIN) then the Deputy Commissioner of Taxes (DCT) or any other income tax authority authorized by the Board for this purpose, may impose a penalty upto BDT. 50,000.