What is e tin certificate?
An e TIN certificate is an electronic tax identification number. In Bangladesh, you have to pay text based on your yearly income. Every year the government selects a range of income and if anyone except for that specific income amount then he or she has to pay income tax.
As part of the plan to digitize everything, the old Tin Certificate has been updated to the E-Tin Certificate. All must take the mandatory e-tin certificate. So why late? Find out how to get this certificate at your convenience. Get an online e tin certificate without any suffering.
Now it is very easy to pay your income tax online. To do so, you should register online.
What is a Tax Identification Number (TIN)
The Tax Identification Number (TIN) serves as a unique identifier in the realm of taxation, with its electronic counterpart known as the Electronic Tax Identification Number (e-TIN). In Bangladesh, the exclusive provider of TIN is the National Board of Revenue (NBR). Prospective applicants seeking a TIN can opt for either a manual or electronic application process facilitated by the National Board of Revenue (NBR).
Taxation stands as the primary revenue source for any government. In alignment with the current government’s commitment to digitalizing the nation, the Electronic Tax Identification Number (E-TIN) has been introduced to optimize the efficiency and effectiveness of the tax collection process. In this context, the Taxpayer’s Identification Number (TIN) Certificate holds paramount importance for individuals and companies operating in Bangladesh.
According to the Income Tax Ordinance of 1984, under Section 124A, individuals who, without reasonable cause, utilize another person’s TIN or employ a fraudulent TIN during the submission of income returns may face penalties of up to BDT 20,000 as imposed by the Deputy Commissioner of Taxes (DCT).
Under Section 124AA, individuals who, without reasonable cause, fail to verify the authenticity of a twelve-digit Tax Identification Number (TIN) may incur penalties of up to BDT 50,000. The imposition of penalties is executed by the Deputy Commissioner of Taxes (DCT) or any other income tax authority duly authorized by the Board for this specific purpose.
Related Post: TIN Certificate Download BD: A Simple Way to Download Your TIN Certificate
Why do you need e tin certificate?
There are many reasons why you need e tin certificate in Bangladesh. One of the main is to prove that you are giving income tax properly. Hence, you must have an authentic e tin certificate for this purpose. You need to give a copy of t e tin certificate in case you got it from tax authority authorities. It will be good to provide information on your monthly or annual income information so that a proper fine is levied against you which will not cause any future issues on accountability and transparency.
Moreover, a TIN Certificate is mandatory to continue any business operations.TIN Certificate is not mandatory in order to start any business operations. It is only mandatory once the business has been operational for a certain period of time. You need the TIN Certificate for the following works-
- Business
- Bank account
- Saving paper
- DPS
- To buy a vehicle
- Others necessary
What are the documents needed to collect e tin certificate?
You will require the following necessary documents or information during the fill-up of the application form:
- Passport size photograph of the assessee (soft copy if you apply electronically)
- Name and TIN of the:
- Business (in the case of a sole proprietorship)
- Partners (in the case of a firm)
- Sponsor Directors (in the case of a company)
- Incorporation no/registration no (wherever applicable)
- Incorporation/registration date (wherever applicable)
- The postcode of the current address
- Postcode of permanent address
- National ID/Passport number
What information will be contained in your TIN?
Your TIN certificate will contain the following information:
- TIN
- Name
- Father’s Name (for the individual)
- Mother’s Name (for the individual)
- Present address
- Permanent address
- Name of the business/employer (if applicable)
- Registered office address (for company & others)
- Previous (10 digits) TIN (if any)
- Status
How to get an E TIN certificate
We’ll explain the process of getting a Bangladeshi TIN Certificate and the document requirements in this guideline.
For any government, taxation is the major source of income. As a result, the government issues a Tax Identification Number, also known as TIN. TIN is given to an individual or business to monitor tax payments. The sole authority in Bangladesh that can provide a TIN Certificate to an applicant is the National Board of Revenue (NBR). In Bangladesh, one may get a TIN Certificate by applying to the NBR, which is either manually or digitally generated. Anyone can collect the Taxpayer’s Identification Number (TIN) through Registration / Re-registration to the NBR website.
If you do not have an account to log in the system will support you to register an online account without going to the Circle office. In order to register the online account, please make sure you have in hand the following information.
• If you are an individual or other company taxpayer, 12-digit TIN, and National ID or Passport No.
• If you are a company taxpayer, 12-digit TIN, and Incorporation No.
• Phone number (auto load and Taxpayer can change)
• Active email address (auto load and Taxpayer can change)
• Required attachment documents when registering an account online (Total size of uploaded documents should not exceed 1 Mb):
1. Scan the version of the TIN Certificate.
2. Scan the version of the National ID/Incorporation Certificate/Passport.
3. Scan of Filled Online Account Registration Application form.
4. Recent Passport-sized photograph (If you are an individual or other company taxpayer).
To get the soft copy of the online account registration application form, please CLICK HERE.
To register an account for the Income-tax online filing system CLICK HERE.
e tin certificate registration
E-TIN Certificate Update 2024 in Bangladesh
In 2024, updating your E-TIN certificate in Bangladesh has never been more crucial. The E-TIN (Electronic Taxpayer Identification Number) is an essential document for taxpayers, ensuring compliance with the National Board of Revenue (NBR). With the digital transformation in full swing, updating your E-TIN certificate has become more streamlined and accessible.
Why Update Your E-TIN Certificate?
Updating your E-TIN certificate is vital for several reasons:
- Ensuring your E-TIN information is current helps avoid penalties and legal issues.
- An updated E-TIN is necessary for various financial activities, including opening bank accounts, applying for loans, and conducting business transactions.
- Accurate E-TIN information is essential for seamless tax return filing, ensuring you receive the correct tax credits and benefits.
How to Update Your E-TIN Certificate in 2024
The NBR has simplified the E-TIN update process. Here’s a step-by-step guide:
- Go to the official NBR website and log in to your account. If you don’t have an account, you’ll need to register first.
- Once logged in, navigate to the ‘Update E-TIN’ section in your profile.
- Enter the necessary updates, such as changes in your personal information, address, or business details.
- Upload any required documents, such as your updated national ID, trade license, or proof of address.
- Carefully review the information for accuracy and submit your update request.
Keeping your E-TIN certificate updated offers numerous benefits, including smoother financial transactions, better loan approval chances, and compliance with legal requirements. It also ensures you can take full advantage of any tax benefits and credits you are eligible for.
updating your E-TIN certificate in 2024 is a straightforward process that provides significant benefits. By following the steps outlined above, you can ensure your E-TIN information is current, which will help you stay compliant with Bangladeshi tax regulations and facilitate various financial activities.
Here’s a list of organizations in Bangladesh that assist with income tax filing and provide related services:
1. National Board of Revenue (NBR)
Website: [nbr.gov.bd]
NBR provides online resources, guidelines, and support to taxpayers for income tax filing.
2. Tax Zone Offices (Dhaka, Chittagong, etc.)
Local tax zone offices across the country offer in-person assistance with tax filing, consultation, and document submission.
3. ACNABIN Chartered Accountants
Website: [acnabin.com]
ACNABIN provides professional tax advisory services and assists businesses and individuals with income tax filing.
4. Hoda Vasi Chowdhury & Co.
Website: [hodavasi.com]
This accounting firm offers comprehensive tax advisory services, including income tax preparation and filing.
5. Rahman Rahman Huq (KPMG Bangladesh)
Website: [rrh.com.bd]
A KPMG member firm, Rahman Rahman Huq helps businesses and individuals with tax compliance, tax filing, and advisory.
6. A. Qasem & Co. (PwC Bangladesh)
Website: [pwc.com/bd]
As part of PwC, A. Qasem & Co. offers tax services including income tax return filing for businesses and individuals.
7. BD Tax
Website: [bdtax.com.bd]
An online platform that simplifies the process of filing income tax returns for individuals and businesses in Bangladesh.
8. FMC Consulting Ltd.
Website: [fmcgroup-bd.com]
This consulting firm offers tax advisory, tax planning, and income tax return filing services.
9. Moore Stephens Bangladesh
Website: [moore-global.com]
Moore Stephens provides professional tax services, including filing and compliance, catering to both individuals and corporations.
10. Grant Thornton Bangladesh
Website: [grantthornton.com.bd]
A global accounting firm offering tax filing, advisory services, and financial planning for individuals and businesses in Bangladesh.
These organizations provide a range of services from tax consultation to complete filing assistance for both personal and corporate income taxes. you can get help from the above firm for income tax filing both for personal and company in 2024.
How to Submit a Zero Return Tax in Bangladesh (2024)
In Bangladesh, filing a zero return tax is necessary for individuals who have a valid Taxpayer Identification Number (TIN) but did not earn any taxable income during the fiscal year. The government requires all TIN holders to file returns, even if their income is below the taxable threshold or they have no income at all. This guide outlines the steps to submit a zero-return tax in 2024.
Why File a Zero Return?
Filing a zero return is essential for maintaining compliance with the National Board of Revenue (NBR) regulations. Failing to file could result in penalties, the cancellation of your TIN, or issues with availing of various government services like trade licenses, loans, or vehicle registrations. Additionally, it helps in keeping your tax records up to date.
Steps to Submit Zero Return in 2024
1. Log in to the NBR Portal
Visit the National Board of Revenue’s online tax filing system at [etaxnbr.gov.bd](https://etaxnbr.gov.bd). If you don’t have an account, register using your TIN and personal information.
2. Access the Return Filing Section
Once logged in, go to the ‘Income Tax Return’ section. Choose the assessment year for which you’re filing, i.e., 2024-25.
3. Select the Zero Return Option
In the income section, select the option for a zero return, indicating that you had no taxable income for the year.
4. Enter Basic Information
Fill in your details and address. Since this is a zero return, no income or tax deduction details need to be filled out.
5. Submit the Declaration
At the end of the form, declare that your income for the year is zero and submit the return.
6. Obtain the Acknowledgement
After submission, you’ll receive an acknowledgment slip. Keep this as proof that you’ve successfully filed your zero return.
submitting a zero return tax in 2024 is a simple process but vital for compliance with Bangladeshi tax laws. Make sure to file on time and keep a record of your submission for future reference.
In conclusion, If you’re looking for an easy way to collect your e-tin certificate online in Bangladesh, you’ll want to check out the following video! It outlines the step-by-step process of collecting your e-tin certificate online in BD. From there, all you have to do is follow the instructions carefully to ensure a smooth and successful collection process. let’s start to watch the video and collect your e-tin number easily only in 5 minutes. Thanks for reading!