Business Identification Number (BIN)
According to the schedule, FY 2019-2020 will finally see the implementation of the Value Added Tax and Supplementary Duty Act, 2012. Anyone operating a business in Bangladesh must earn an Electronic Business Identification Number (e-BIN) from the National Board of Revenue (NBR), in accordance with the Value Added Tax and Supplementary Duty Ordinance, 2016. Tax registration certificate is also called VAT registration certificate. For a manufacturer, service provider, withholding entity, and trader that participates in tenders, banks, exports, and imports, obtaining a VAT registration and Business Identification Number is essential. Regulation of VAT registration is handled by the Department of Customs, VAT and Excise of the National Board of Revenue (NBR).