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In 2013, as part of Bangladesh’s aim to digitize government processes, the country’s conventional Tax Identification Number (TIN) certificates were modernized and turned into electronic versions. Nearly everyone in Bangladesh, even those who file regular tax returns, is acquainted with the phrase “TIN certificate.” In order to create enterprises, get tax refunds, and engage in a variety of other activities, citizens of Bangladesh are required to have TIN certificates and TIN numbers.
You are required to get a Tax Identification Number (TIN) if your monthly income is around BDT 16,000. Aside from this, those who aren’t working may obtain a TIN if they feel the need to, and this includes stay at home mothers. Even if you do not have any income that is subject to taxation, you are still required to obtain a Taxpayer Identification Number (TIN) certificate if you own a vehicle or are a member of an organization that needs one. On the other hand, male taxpayers are exempt from having to pay tax if their annual income is less than BDT 2,50,000. The maximum allowable income is BDT 3,50,000 for females of any age as well as for any people older than 65 years of age. If a citizen with a disability has a yearly income that does not exceed BDT 4,25,000, they are exempt from having to pay taxes. You are required to file a “zero return” indicating your TIN even if your income is less than the tax threshold.
You will automatically be enrolled as a taxpayer once you get a TIN, which is the primary advantage of having one. Then you will be required to pay taxes on your income up to the threshold set by the government. These funds will be used to administer the nation. Once upon a time, when things like income tax and value-added tax were not there, the government would collect revenue from the land instead. But today, with the huge population with individuals having such a wide range of incomes, the government is forced to collect money in the form of income taxes in order to operate the country.
You may feel proud of your status as a taxpayer after you have obtained an e-TIN number. If you have a Taxpayer Identification Number (TIN), the banks will deduct 10% of the value of your savings as tax. If this is not the case, a 15% reduction will be applied. For example, let’s say you win a contest and the prize money is deposited into your bank account. If this happens, taxpayers who have a Taxpayer Identification Number (TIN) will be eligible for a 10% tax deduction, while those who do not have a TIN would have 15% of their winnings taxed. Although you do not need an e-TIN certificate to open a bank account, however, you will need TIN in order to take out a loan from the banks. At various points in time, the government makes accessible to certain professions or small business owners a variety of perks and incentives; however, access to any of these options is impossible without a TIN.
To obtain a TIN certificate, you will first need to go on the following link: Get link and fill out the fields with all of the required information. You will be required to enter the following information: a user id, and a password, a security question and an answer to that question, a cellphone number that you are currently using, and a valid email address. After that, you will be asked to enter a captcha before clicking the verify button. The cellphone number that was provided will get an SMS from NBR with a code.
Subsequently, go to the e-TIN activation page, key in the code that was sent to you, and then click the Activate button. Click on the TIN registration or re-registration link that appears on the next page. There will be a transition to a new page. In this section, you are required to enter all of the pertinent information, after which you may advance by clicking the next button. In the area labeled “Taxpayer
Type,” choose “Individual,” “Expatriate,” or “Company,” depending on the circumstances. Those individuals who previously did not have a TIN certificate will have the opportunity to pick new registration, while those individuals who previously did have a teen certificate will have the option to select re-registration.
After that, insert the previous TIN number, and go on to the next page. Now, provide all of the information regarding the taxpayer’s income, such as their place of residence, occupation, and sources of income, and go to the following page. Afterwards when, all of the personal information that is required, such as name, address, number of national identification card, number of VAT registration (if applicable), etc., must be provided accurately and verified. In a very short amount of time, the e-TIN will be ready. The number on the national identification card will be used to do an automated verification on all of the information, including the photographs. It is possible to instantly print the TIN certificate after it has been created. You also have the option of saving it as a PDF, which will allow you to print it at a later time. So, you just received your TIN certificate. To finish the whole procedure, you won’t be required to pay a single dime at any point.
Here is a list of documents that an applicant probably needs depending on the circumstances of the applicant:
In the event that you misplace your TIN certificate, you can retrieve it online by entering your user ID and password. Given how seldom we use the portal, it is reasonable to assume that you, like the rest of us, have forgotten both your ID and password. Don’t worry; you’ll be able to retrieve them as well.
Go to https://www.incometax.gov.bd/TIN Home and click on the “Forgot Password” link in order to retrieve either your user ID or your password. The next step is to choose the options titled “I Forgot My User Name” and “I Forgot My Password.” On the next page, you will be asked to give the mobile phone number that was used during the TIN certificate registration process. After then, the security question that you selected at registration will be shown to you for an answer. If your response is right, an SMS with a four-digit number will be sent to your mobile device. Enter the code, and your cellphone number will be verified. In the next step, input the four-digit code that you were given on your mobile device, and then re-enter your mobile number before clicking the “Submit” button. As soon as it is submitted, the user ID associated with your TIN account will be displayed to you.
To retrieve the password, go back to the Forgot Password menu and pick the option labeled “Forgot My Password.” After that, click the box labeled “Next.” After you have typed the Verification Letters and the User ID that you discovered in the previous stage, click the Next button. You will be given a four-digit verification code through text message on your mobile phone. Followed by clicking the Recover My Account button, enter the verification code. Following that, you will be sent to a screen where you may alter the password. Please enter a new password here, one that consists of at least four letters and/or numbers.
In many situations, individuals will register for a TIN via the assistance of a third party. As a consequence of this, it is possible that they registered their TIN with their cell phone number. In this scenario, you may get in touch with that individual and request his assistance. You may also contact the hotline of the NBR and advise them about your difficulty and know the username of the e-TIN website. This can be done by calling in. Helpline number for the NBR is 09611-777111 or 333. If this is also not feasible, you will need to contact the tax office with a copy of your National Identity Card and a photocopy of your Taxpayer Identification Number (TIN), if you have it.
ABC has a fantastic and experienced team that is equipped to move promptly forward with the process of acquiring an E-Tin Certificate. In order to submit an application for an E-TIN, the first step is to register for an account on the NBR website. By registering for an account on the NBR web site, qualified legal professionals may get the application process underway. Before beginning the online application process for an individual, ABC needs specific information and documents from the client. These include the applicant’s address, phone number, a copy of their national identification card or passport, personal data, and other similar information.
On the other side, whether it is a Company or Branch office, ABC’s legal team supports in gathering needed information’s such as MOA/AOA/Trade License/Incorporation Certificate, VAT, etc., and then prepares for application for E-TIN. The legal professionals at ABC may provide a hand in compiling the supporting papers and getting them ready for submission. After the application and all of the necessary supporting papers have been handed over, the E-TIN Certificate may then be acquired and provided to the client. In the event that the License expires, ABC will also offer the service of renewing it by completing the required procedures at the appropriate times.
Please contact ABC Partners’ Licensing and Documentation team for more information on how to obtain these documents or click here to read more on these documents and how to procure them.