VAT & SD Services in Bangladesh

No. e-TIN is your income tax identification number under the Income Tax Act 2023, issued through the NBR e-TIN system. BIN is your VAT registration under the VAT and SD Act 2012. Most businesses need both, and the e-TIN is one of the inputs for the BIN application, so obtain the e-TIN first.

The standard VAT rate under the VAT and Supplementary Duty Act 2012 is 15%. Reduced rates apply to certain goods and services listed in the Act's schedules, some supplies are exempt, and supplementary duty applies to specified items. Rates can change through the Finance Act or SROs, so always check the current position for your product or service.

No. It was repealed by the VAT and Supplementary Duty Act 2012, which came into effect on 1 July 2019. However, the 2012 Act's saving provisions mean that liabilities, proceedings and rights arising under the old law for earlier periods are generally still dealt with under it. New transactions are governed only by the 2012 Act.

আইনটি ২০১২ সালে পাস হলেও বাস্তবায়ন কয়েক দফা পিছিয়ে যায়। এটি ১ জুলাই ২০১৯ থেকে মূসক বিধিমালা ২০১৬ সহ কার্যকর হয় এবং মূসক আইন ১৯৯১ রহিত করে। তবে ২০১৯ সালের আগের সময়ের মামলা ও দায় সাধারণত পুরোনো আইনের সংরক্ষণ বিধান অনুযায়ী নিষ্পত্তি হয়।

The Act was passed in 2012 but implementation was deferred. It came into force on 1 July 2019, replacing the VAT Act 1991, together with the VAT Rules 2016. Matters relating to earlier periods are generally still handled under the 1991 law through the saving provisions.

SRO stands for Statutory Regulatory Order. It is a form of subordinate legislation issued under powers granted by an Act of Parliament and published in the Bangladesh Gazette. In tax matters, most SROs come from the NBR or the Internal Resources Division of the Ministry of Finance.