Updated 28 Feb 2024
8 min read
Updated 28 Feb 2024
HELP & ADVICE
For every Bangladeshi citizen, it is a mandatory law that they must pay their yearly taxes. So how will the government identify you? This is where your e-TIN comes in, it is your 12-digit Tax Identification Number. Any law-abiding citizen who is above the age of 18 years and earns a feasible sum of money must register for his e-TIN. You can get your e-TIN certificate online by applying through Adviser Bangladesh for a quick and easy process. Everyone needs to be registered for e-TIN to check their online tax return in Bangladesh, only if an individual earns a certain amount through annual earnings. But if you are a registered e-TIN holder doesn't mean that you must pay annual taxes. Furthermore, you do need to submit your yearly Tax Return.
The government needs to keep track of how every individual earns or invests money and if it is a legal method of acquirement. The Bangladeshi government has set up a lot of investment schemes through the Bangladesh Bank. So, if an individual needs to access these services they will need to authenticate if they have submitted their annual Tax return. Even if someone is buying a house, car, or land. Lastly, even applying to acquire a bank loan they need to go through this process. By verifying their Tax return submission receipt to the vendor or individual, buying, selling, investing, or doing any task that involves large sums of money. But if you fail to do so then you will be delivered penalties. Most common punishments include large sums of fine, some also include forfeiting the newly acquired property or acquisition to the government.
All who have registered for their perspective e-TIN/TIN are eligible to file tax returns and also pay for the tax that they have accumulated over the fiscal year. A friendly reminder that even if you have registered for an e-TIN/TIN, does not mean that you need to pay any taxes. However, you must submit your yearly tax return according to the law stated by NRB. Any individual is required to pay taxes if they surpass the yearly earnings of BDT 3,50,000. As for women and elderly people over the age of 65, the limit has been set to BDT 4,00,000. Also, according to the freedom fighter’s gazetted list, the amount is set to BDT 5,00,000.
The National Board of Revenue (NRB) is responsible for all tax-related proceedings. If an individual is to claim or access any information regarding his/her acquisitions then they must seek their Tax Return Area (Zone). Inside they can find the Branch (Circle) appointed to them when they registered for their perspective e-TIN certificates, here they can inquire about their total payable Tax amount. This can be a long and tiring process even if you know what you're doing, to ease your troubles. Online tax return in Bangladesh can now be calculated through our Tax Calculator App.
There are a few official documents you need to provide before you can submit your filling. For your yearly tax return, such as a copy of your NID, e-TIN/TIN, and your previous year's return receipt. If you are an employee then you also need to provide your salary certificate or a valid document for any source of income. As for people owning a business, they might need to bring a copy of their trade license. If you have acquired any new property or vehicles such as cars, trucks, bikes, etc. then you also need to attach valid documents claiming ownership. Lastly, you will be required to pre-assess and attach all documents by a valid government official.
The National Board of Revenue (NRB) has created an online portal through which you can register your e-Return account with your provided e-TIN/TIN. Firstly, if you have accessed the portal you will be prompted to provide an OTP that will be sent to your registered device. Further on, you will be prompted to progress after verifying that all necessary information has been saved. Lastly, will be asked to set a password for your new account and you will be given an account ID. Completing all these steps, you will be able to claim your e-Return account. Now, you can print the e-Return form published by the NBR for the following fiscal year. Surely, You can go through all this by yourself or just go to our online tax return in Bangladesh for a fast and dependable service.
Before this, you may have been thinking about how to get an online tax return in Bangladesh, Then you have come to the right place. Below we will give you a step-by-step comprehensive guide on how to submit and download your online tax return in Bangladesh.
If you have already created your e-return account then you may move forward. If haven't you can come back here after you have created your e-Return account. So, if you have created your account then you have been provided your e-Return account credentials, now login via the given ID and password and navigate toward your dashboard. There you should have an option to view or download the current year's updated tax return online form.
Opening the form, You will be initiated with the tax assessment information. Here, you will need to provide in-depth details about your income such as year, source and type and also you have to choose the scheme of return.
In this part, you will specify your property listings and they will define the income or profit that is generated through you. Such as land, housing, agriculture, business, and others. if your source of income is other than any listed profession then select “Choose Income from other Sources” and mention it in the below box.
Again, you will need to state the specific region your income was generated from “Example: House, Para, Mouja/Union, Village/Pouro-Shobha, City/Town, Division“. Additionally, you also need to mention if you are a person with special needs or disabilities or a wounded gazetted freedom fighter.
In this section, an individual must state if their expenditure or income has exceeded the BDT 4,000,000 limit. If your annual savings or income does not exceed the allotted limit then you may skip this step and move forward.
This is where you must provide some additional information about your income, such as if it is foreign income, investment-generated income, taxable income, or tax-exempt income. In the previous step, if you choose “Income from other Sources” then you will have to provide detailed information on this income. Furthermore, you need to specify where it was authorized and its source. Lastly, you have to mention other calculations such as amount, expenses, and last date paid.
This is also a part of additional income information, you must mention if you have any listed investments in premium deposits, provident funds, life or premium insurance, approved stocks, and shares. Furthermore, if you have DPS then provide your bank name and account number for further verification and view, if your total investment is up for rebate.
Here you will have categories for putting in amounts spent on food, clothing, and housing including transportation, utilities, educational expenses, or any other additional spending. After you have submitted all the information the system will then calculate for total annual tax.
Coming up to this section will give you the entire layout of your present and past paid taxes. The Tax accumulation of your current fiscal year will be given in detail along with all calculations. Additionally, it could be reduced according to your source tax and advanced tax. If your total payable tax is BDT 0 then you have no taxes or something known as “Zero Return”.
Now, you can view the entire form and all your answers. So If you agree to all the given and assessed information then just click “Yes”. Submit your return form or if you want to further update any given detail then click “No”. Additionally, you will be given a pop-up if your submission is successful and giving you a reference ID for your successful submission.
After your return form has been processed by the officials from your local tax region, the return receipt will be uploaded to your account on NRB’s official website. To download your return receipt, you simply need to log in to your e-TIN/TIN account and navigate to Return Verify. You will notice that your return receipt is viewable. Now, you can either print or download the return receipt.
I always try to be a productive person and a fast learner with good communication skills in both Bengali and English. Being highly proficient in conversational skills, can elaborate to tea