VAT Registration in Bangladesh: What You Need to Know
Who Must Register for VAT?
If you are an accountable person or entity, you must register for VAT. In Bangladesh, VAT (Value Added Tax) is imposed at each stage of the supply chain where value is added—from production to final sale. The Taxation Enquiry Commission (TEC) began exploring VAT as a replacement for sales tax as early as April 1979.
When Should A Company Register For VAT In Bangladesh?
A company in Bangladesh must register for VAT when:
- Its annual turnover exceeds BDT 80 lakhs.
- It is involved in supplying taxable goods or services, whether locally or through import/export.
- It needs to conduct formal business activities such as tender participation, banking, or trade, which require a valid VAT registration.
VAT Rate and Business Identification Number (BIN)
- The standard VAT rate is 15%.
- To register, businesses must obtain a Business Identification Number (BIN) from the National Board of Revenue (NBR).
Required Documents List for VAT Registration
- Authentic Cell Number
- Authentic e-mail Address
- Company Name
- Types Of Ownership
- Trade License Number
- Company Address:
a. As per Trade License
b. Operational
- MOA, AOA & Incorporation Certificate
- Company E-TIN
- Number of employees
- BIDA Registration Number
- Turnover Information:
a) Company last year transaction
b) Next One-year approximate transaction
- Major Area of Economic Activity
- If Manufacturer:
a. Input-Output Information
b. Layout Plan equipment
c. List of Machinery & equipment
- Last e-BIN (9 Digit/11Digit)
- Import Registration License (If Necessary)
- Export registration License (If Necessary)
- Bank Account Details
- All Bank Statement (Last One year)
- All Directors NID/Passport
- Authorized Persons Information For Online Activity (Who will maintain the online e-BIN services):
a. NID
b. Cell Number
c. E-mail
d. Designation
- Declaration Persion Details
- Any Other Documents if Necessary.