How to Obtain a TIN Certificate in Bangladesh

What is a Tax Identification Number (TIN)?

A Tax Identification Number (TIN) is a unique identifier assigned to individuals and entities for tax purposes. In Bangladesh, the National Board of Revenue (NBR) is the sole authority responsible for issuing TINs, including electronic TINs (e-TINs). The TIN is essential for tax compliance and plays a critical role in the country's revenue system.

Why is TIN Important?

1. Legal Requirement: Under the Income Tax Ordinance, 1984, possessing a TIN is mandatory for individuals and companies that engage in taxable activities.
2. Tax Compliance: A TIN facilitates the filing of tax returns, ensuring compliance with tax laws.
3. Financial Transactions: Many financial institutions require a TIN for opening bank accounts or applying for loans.
4. Government Benefits: A TIN is necessary for availing of various government services and benefits.

Benefits of Having a TIN

• Ease of Tax Filing: Simplifies the process of filing tax returns.
• Access to Financial Services: Required for business transactions, loans, and government contracts.
• Avoiding Penalties: Compliance with tax regulations helps avoid fines and legal issues.

Risks of Not Having a TIN

1. Legal Consequences: Failure to obtain a TIN can lead to penalties, including fines of up to BDT 20,000 for using someone else's TIN or a fake TIN.
2. Inability to File Returns: Without a TIN, individuals and companies cannot file tax returns or claim refunds.
3. Limitations in Business Operations: Not having a TIN can restrict access to essential services, such as banking and government contracts.

Required Documents for Obtaining a TIN for Companies

To apply for a TIN in Bangladesh, you need to submit the following documents:

1. Photocopy of Trade License
2. Personal Details (if applying as an individual)
3. Copy of Memorandum and Articles of Association (if a company)
4. Bank Solvency Certificate (if a company or proprietorship)
5. Three passport-sized photographs of the Owner (if proprietorship)
6. Three passport-sized photographs of the Managing Director (if a company)
7. Three passport-sized photographs (if applying as an individual)
8. National ID or Passport Copy of the Entrepreneur
9. Mobile Phone Number
10. Incorporation Number of the Company
11. Date of Incorporation of the Company
12. Name of Authorized Person

Official Time Limit

• Processing Time: Approximately 5 hours

Government Fees

• Cost: NIL (No fees required)

The Process of Obtaining a TIN

1. Preparation: Gather all the necessary documents listed above.
2. Application Submission: Submit your application manually or electronically through the NBR's online portal.
3. Verification: The NBR will verify the submitted documents.
4. TIN Issuance: Upon successful verification, your TIN will be issued.

Our Services for TIN Application

We offer comprehensive support for obtaining a TIN in Bangladesh, including:

• Document Preparation: Assisting with the preparation and organization of required documents.
• Application Submission: Helping with the submission process, ensuring compliance with NBR guidelines.
• Follow-up: Managing communication with the NBR for timely updates on your application status.

Why Choose Us?

• Expertise: Our team has extensive knowledge of the TIN application process and relevant regulations.
• Personalized Assistance: We provide tailored support based on your specific needs.
• Efficiency: We aim to streamline the application process, saving you time and effort.