Getting VAT Registration Certificate in Bangladesh is now online and you get your VAT registration Certificate completely via online. you do need to go to any government office for this.
All businesses are required to have a VAT Registration Certiﬁcate, following which the next requirement – Business Identiﬁcation Number (BIN) — can be obtained. The VAT paid by businesses are calculated on the basis of their annual turnover. VAT is imposed on goods and services at each stage of import, manufacturing, supply and trading.
VAT registration certiﬁcate is a requirement for carrying out business operations such as participation in tender, banking activities besides export and import.
The registration threshold under the new VAT procedure is BDT 8 million and enlistment threshold is BDT 3 million.
|Annual turnover (BDT)||Turnover tax (%)|
|Less or equal to 300,00,00||None|
|Over 300,00,00 to 800,00,00||3%|
VAT registration is free and the process does not require attachment of documents. The registration form is called VAT 2.1 or Mushak 2.1, which can be downloaded from the website of the National Board of Revenue or NBR. An applicant can contact NBR’s helpdesk at 16555 for any assistance.
The application will have to be submitted to the concerned VAT commissioner or deputy commissioner. As per proper scrutiny and examination, a registration certiﬁcate/turnover tax enlistment certiﬁcate in VAT 2.3 form will be issued from the VAT system within three working days and will contain a Business Identiﬁcation Number (BIN).
The advantages of Business Identiﬁcation Number (BIN):