Are you looking for Online VAT Registration Certificate In Bangladesh. Then you are the right place. Every business should have a Business Identification Number. No business can have this without a VAT registration certificate. The VAT registration is mandatory for export, import, banking activities and participation in the tender. A VAT is controlled with the National board of revenue. The VAT is regulated by the excise and VAT department. Do you need a VAT registration certificate? You can have just following the simple process. Before having the VAT registration certificate, you need to fulfill some requirements.
• Trade license
• TIN Certificate
• Passport sized photos
• Deed of Agreement
• Import Registration certificate
• Bank solvency certificate
• BOI registration
• Export registration Certificate
• List of all sales shops; Sales centers,
• Amendment of the products manufactured.
• List of invoice and stored product
• Memorandum of Association (MOA) and Articles of
• Association
Online VAT registration in Bangladesh
VAT registration is simple to have. It has been simpler. One can have this fulfilling the requirements. Zakir hossian, Deputy Projector director mentions that since now, no registration will be given manually. Everyone needs to register electronically. A firm needs to sign up for having a Business Identification number. Online registration is started. But the small business does not need this registration.
After passing enough time, NBR has prepared the opportunities to have online registration. The online registration system creates an automated environment for ensuring better services to the taxpayers. By online system, NBR increases revenue collection and transparency. The system also fits for transparent accountability. Revenue administration performs plenty of works automatically.
The electronic VAT registration system has lessened the complexities to go office. No one can obtain a VAT registration certificate from his home. When anyone needs to have the VAT registration certificate, he has to wait a few days because of the manual process. But Now It has been easy. Within a short time, one can have a VAT registration certificate just fulfilling the whole process. Now it is easy to have this within a short time.
The businessman who feels difficulties to use the online site, the online service center is available for them. From the online service center, one can register and have a VAT certificate. Already The NBR has opened four VOSC. These are available in Farmgate, Mirpur, Motijheel, and Uttara. The service is also available in the Chittagong port city.
There are some companies which run under the large Taxpayers unit of VAT, have registered from online. A little difference is noticeable when you get registration form online. One will have 9 digit BIN instead of 11 digits registered a certificate.
The Automation VAT system
Online creates the chance of automotive VAT system. It is quite effective for VAT collection and compliance. Because of this system, Businessman will be encouraged to implement the system. The VAT system is the main source of revenue. The system will be completed through the pressing of the finger.
The online VAT system is normally started in March 2017. Since then people have started to use online for paying value-added tax. Now, most people of Bangladesh have inclined to online. Now any business can have the Online VAT Registration Certificate easily.
Taking VAT registration manually has been closed. When anyone wants to register, he has to take this electronically. At the time of filling the VAT registration form, you just need to keep the following documents with you. The system in the spheres of Proprietorship Business and a limited company is different a little bit. The proprietorship business refers to a person who is liable for everything. An only single person is responsible for his debt.
What you have to fill up at the time of Proprietorship Business
• Name of the Proprietor
• NID/ Passport
• Name of Business
• Bank Information
• Nature of Business
• Passport
• TIN Certificate
Online VAT Registration for Partnership Firm is also a little bit different; you need some extra documents for VAT registration.
• Name of Partnership Firm
• TIN Certificate of Partnership Firm
• Business Address
• Bank Information
• Nature of Business
In the sphere of Limited Company, the documents are quite important for Online VAT Registration
• Name of the Company
• Bank Information
• Nature of Business
• NID/ Passport.
• Incorporation Number
• TIN Certificate of the Company
• Business Address
You will have an online application form through the access of internet. If anyone faces a problem, he can take help from online service center.
VAT is a valuable source of revenue collection in our country. Every year, the government have a large amount of money from VAT. The VAT certificate is too important for every Bangladeshi businessman. Not only Bangladesh But Revenue also keeps the most important role all over the world. But comparatively, the Tax in Bangladesh is a little bit more than other developing countries.
Having a Online VAT Registration Certificate is not tough like before. Online has made everything easy. Now, one can have this from ones home with an internet connection. If you want to have, you can also take a step through online.
