In Bangladesh, the Business Identification Number (BIN) is a unique identifier required for all businesses under the Income Tax Ordinance of 1984. This number ensures tax compliance, streamlines the tax collection process, and enhances transparency. Obtaining a BIN is essential for businesses to engage in formal economic activities, open bank accounts, and participate in government contracts, thereby promoting accountability in the economy.
Issuing Office Name : National Board of Revenue (NBR) Address : Segun Bagicha, Dhaka-1000 Website: www.nbr.gov.bd Email : feedbackvat@nbr.gov.bd feedbacktax@nbr.gov.bd feedbackcustoms@nbr.gov. bd
Required List of Document:
- Application form
- Trade license
- National ID card or passport of the directors
- Business address proof (utility bill, rental agreement)
- Partnership deed or Memorandum and Articles of Association (if applicable)
- Certificate of Incorporation (if applicable)
- Taxpayer Identification Number (TIN), if available
- Bank account details
Process step:
Step 1 Complete and Submit the Application: Obtain the application form for the Business Identification Number (BIN) from the National Board of Revenue (NBR) website, fill it out, and submit it along with the required documents to the local NBR office or through the NBR’s e-filing system, if available.
Step 2 Verification Process: The NBR will review the submitted documents and verify the information provided. This may include verifying the authenticity of the trade license and other related documents.
Step 3 Receive and Record BIN: Upon successful verification, the National Board of Revenue (NBR) will issue the Business Identification Number (BIN), which may take a few days depending on their workload. Once received, record the BIN safely, as it will be required for various business activities, including tax filing, opening a bank account, and participating in government contracts.