Online VAT Registration in Bangladesh
The registration Online VAT has formally begun from on March 15, 2017 with the expectation that the people of the country will now pay Value Added Tax (VAT) online for the growth of the country. NBR ( National Board of Revenue) started the online VAT registration in Bangladesh on March 15 informally. Any Businesses will be able to take online VAT registration very easily now.
Any businesses can collect VAT registration online from now. No one can collect VAT Registration manually from tax offices. All will have to register electronically.
The introduction of electronic VAT registration is expected to end the hassle of having to visit the tax offices to collect BINs ( Business Identification Number). Following documents required for getting VAT registration certificate online;
Online VAT Registration for Proprietorship Business:Name of the Proprietor
NID/ Passport
Name of Business
TIN Certificate
Business Address
Bank Information
Nature of Business
Online VAT Registration for Partnership Firm:Name of Partnership Firm
TIN Certificate of Partnership Firm
Business Address
Bank Information
Nature of Business
Information of all partners including portion of capital, NID/ Passport.
Online VAT Registration for Limited Company:Name of the Company
Incorporation Number
TIN Certificate of the Company
Business Address
Bank Information
Nature of Business
Information of all Director’s including percentage of share, NID/ Passport.
Now they will get it instantly by filling up the application form online. Businesses, particularly those with no internet access, will get support from VAT Online Service Centres (VOSC) to sign up for registration and re-registration.
VAT plays a vital role in our daily life as well as great source of revenue collection of our country. Now it is very important for Bangladeshi business owner. All over the world VAT plays essential responsibility for government revenue field. More or less 130 countries are doing exercise VAT in the world. Our government is extremely insensitive in collection of VAT from all applicable sources. In Bangladesh the part of the VAT is rising progressively.
Source:http://www.rjsc.info/online-vat-registration-in-bangladesh/
