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Dhaka Tribune

E-TIN wins welcome response from taxpayers

Update : 01 Aug 2013, 02:46 AM

The Electronic Taxpayers Identification Number (E-TIN) has received a good response as 75,000 taxpayers registered with the new system within first month of its introduction, officials at the National Board of Revenue (NBR) said yesterday.

The revenue authorities introduced the system on July 1 to boost revenue collection, reduce hassle of the taxpayers and prevent issuance of fake TINs. According to the new system, NBR has now an automated database for TIN holders where existing and new TIN holders will have to register with the E-TIN within December 31 and with this process, the existing 10 digit TIN will be replaced with 12-digit ones. There would be no effectiveness of old manual 10-digit TIN from January 1 next.

NBR officials told the Dhaka Tribune the E-TIN system received a bit slow response in the first half of July. 

A total of 2,068 people registered with the system on the day 1, followed by an average of around 2,500 people every day. Around 25,000 new taxpayers registered with E-TIN last month while 50,000 were existing TIN holders.

In FY 2012-13, the income tax wing of NBR collected Tk366bn against its target of Tk353bn with a 27.62% growth. 

For the FY13-14, NBR set a target to collect Tk1.361tn revenue from income tax wing, and the introduction of E-TIN is expected to help the revenue board to meet the target, said an official.

According to the newly introduced system, computer generated TIN certificates will be issued as soon as the application procedure is completed online. 

A team of NBR is working on automation of TIN database with assistance of International Finance Corporation (IFC).

The web portal is now linked with the National Identity Card database of the Election Commission to verify individual applicant while corporate taxpayers' application will be checked with the database of the Registrar of Joint Stock Companies and Firms.

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