The Electronic Taxpayers Identification Number (E-TIN) has received a good response as over 400,000 taxpayers have registered with the newly introduced system in around three months period.
As of September 22, a total of 407,672 people registered with E-TIN while 80, 547 are new ones and 327,125 taxpayers re-registered with the electronic system, NBR officials said Monday.
The revenue authorities introduced the system on July 1 to boost revenue collection, reduce hassles and prevent issuance of fake TINs.
“We have received immense response to E-TIN from the taxpayers,” NBR member M Bashir Uddin Ahmed told the Dhaka Tribune. “During the initial period of its introduction, it was a bit complex and there were some technical problems. But, all these has already been sorted out and solved.”
He said: “By conducting a survey till August, we have find out 97,000 new taxpayers. If you add the new taxpayers registered with E-TIN, the new number now stand at over 170,000, which would now contribute to the revenue collection.”
NBR has now an automated database for TIN holders where existing and new ones will have to register with the E-TIN within December 31 and through the 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.
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 revenue target of Tk1.36tn and the introduction of E-TIN is expected to help the revenue board to achieve 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 the 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.
