Simplified Tax ID (TIN) Registration for Your Business
Secure your Tax Identification Number (TIN) quickly and easily to ensure compliance and smooth tax processing for your business.
Services Offered:
- TIN Registration Assistance: We help you apply for your Tax ID (TIN) to ensure your business is compliant with tax regulations.
- State & Federal TIN Filings: Guidance and support for registering for both state and federal TINs, based on your business’s location and structure.
- EIN Application: We assist in applying for an Employer Identification Number (EIN) for businesses that need it for tax reporting, hiring employees, and opening business accounts.
- TIN Compliance Support: Stay compliant with tax regulations by ensuring your TIN is registered and updated correctly.
- Tax Filing Support: Ensure that your business tax filings are properly linked to your TIN for accurate tax reporting.
- Consultation & Guidance: Expert advice on the specific tax identification requirements your business needs based on its industry and structure.
How to Obtain TIN Certificate in Bangladesh | Corporate.com
In Bangladesh, every business and individual engaged in taxable activities needs to obtain a Tax Identification Number (TIN). The TIN is issued by the National Board of Revenue (NBR), and it is essential for all tax-related activities, including filing tax returns, business registration, and other legal and financial processes.
Documents Required to Obtain TIN for a Company in Bangladesh:
To obtain a Tax Identification Number (TIN), the following documents are required for submission:
- Photocopy of Trade License
- Personal Details (If an individual)
- Copy of Memorandum and Articles of Association (For Companies)
- Bank Solvency Certificate (For Companies or Proprietorships)
- Three passport-sized photographs of the owner (For Proprietorship)
- Three passport-sized photographs of the Managing Director (For Companies)
- Three passport-sized photographs (For individuals)
- National ID or Passport copy of the entrepreneur
- Mobile phone number
- Incorporation number of the company
- Date of incorporation of the company
- Name of the authorized person for the company
Official Time Limit:
- Processing time: Approximately 5 hours (subject to verification and NBR processing).
Government Fees:
- Fees: There are no government fees required for obtaining the TIN.
What is a Tax Identification Number (TIN)?
A Tax Identification Number (TIN) is a unique identification number issued by the National Board of Revenue (NBR) to individuals and entities for tax-related purposes. In Bangladesh, the TIN is available in both manual and electronic (e-TIN) formats. The transition to e-TIN has been part of the government’s efforts to digitize the tax collection process, making the procedure more efficient and transparent.
Obtaining a TIN is crucial for individuals and businesses as it is used for:
- Filing income tax returns
- Conducting financial transactions
- Complying with government tax regulations
Penalties for Non-Compliance:
As per The Income Tax Ordinance, 1984, failure to comply with TIN regulations can lead to penalties:
- Section 124A: If an individual or entity uses another person’s TIN or uses a fake TIN when submitting an income tax return, the Deputy Commissioner of Taxes (DCT) may impose a penalty of up to BDT 20,000.
- Section 124AA: If a person fails to verify the authenticity of a twelve-digit TIN, the Deputy Commissioner of Taxes (DCT) or any authorized income tax authority may impose a penalty of up to BDT 50,000.