Taxable income

 

Taxable income is the total income earned from all sources, excluding exempt
income. The foreign source income of a resident is included in his/her taxable
income with the exception of the foreign source income of foreign nationals
who are residents in Bangladesh.
9.16.5 Requirement of twelve-digit Taxpayer's Identification Number (e-
TIN)
It has been made compulsory to submit an e-TIN certificate or acknowledgment
receipt of income tax return or the tax certificate issued by the Deputy
Commissioner of Taxes at the time of:
 opening a letter of credit for the purpose of import;
 submitting an application for the purpose of obtaining an import registration
certificate;
 renewal of trade license;
 submitting any tender documents;
 submitting an application for membership in a club registered under the
Companies Act 1994;
 issuance or renewal of license or enlistment of a surveyor of general
insurance;
 Registration of land, building, or apartment situated within any city
corporation deed value of which exceeds Tk 100,000. Such document shall
contain the TIN of both the seller and the purchaser. This provision will not
apply in cases of non-resident Bangladeshis;
 registration, change of ownership, or renewal of fitness of a car, jeep or a
microbus;
 registration, renewal of fitness, or change of ownership of a bus, truck,
prime mover, lorry, etc. plying for hire;
 sanction of a loan exceeding Tk 500,000 to a person by a commercial bank or
a leasing company;
 issue of a credit card;
 issue of practicing license to a doctor, a lawyer, a chartered accountant, a
cost and management accountant or an income tax practitioner;
 all sponsor directors at the time of registration of a company (other than
non-resident foreign directors/sponsors);
 applying for or renewing of membership in any trade body;
 submitting a plan for the construction of the building for the purpose of obtaining
approval from RAJUK, CDA, KDA, and RDA;

Taxable income

 Issuance of drug license;
 applying for connection of gas for commercial use within a city corporation,
pourashava or cantonment board;
 applying for connection of electricity within a city corporation, pourashava
or cantonment board;

 issuance or renewal of survey certificate of a water vessel including launch,
steamer, fishing trawler, cargo, coaster, and dump-barge, etc., plying for
hire; or
 registration or renewal of a certificate as an agent of an insurance company;
 parents of the students of English medium school following international
the curriculum within City Corporation or in any pourashava of a district
headquarter.
 receiving the salaries by an employee of the government or an authority
corporation, body, or units of the government who draws a salary at a scale
of grade 10 or above;
 receiving any amount from the government under Monthly Payment Order
(MPO) if the amount of payment exceeds Tk 16,000 per month;
 receiving any payment which is an income of the payee classifiable under
the head of salaries by any person employed in the management or
administrative function or any supervisory position in the production
function;
 obtaining or maintaining the agency or the distributorship of a company;
 receiving any commission, fee, or other sums in relation to a money transfer
through mobile banking or other electronic means or in relation to the
recharge of mobile phone account;
 receiving any payment by a resident from a company against any advisory
or consultancy service, catering, service, event management service, supply
of manpower or providing security service;
 submitting a bill of entry for import into or export from Bangladesh;
 participates in a ride-sharing arrangement by providing motor vehicles; and
 Releasing overseas grants to a registered NGO or a Micro Credit
The organization has a license with Micro Credit Regulatory Authority.
9.16.6 Issuance of e-TIN without application and re-registration
 Twelve-digit Taxpayer’s Identification Number (e-TIN) may be issued
without any application where any income tax authority has found a person
having taxable income during the year and has failed to apply for TIN.
 Board may direct any person having a TIN to furnish such information or
documents for the purpose of re-registration and thereafter issuing a new
twelve-digit Taxpayer’s Identification Number.
9.16.7 Issuance of Temporary Registration Number (TRN)
A temporary Registration Number (TRN) may be given to a person who has
been found to have taxable income in any year and has failed to apply for
Taxpayer's Identification Number (TIN) under section 184B.

9.16.8 Submission of Statement of Assets and Liability and LifeStyle
(Section 80)
It is mandatory for an individual assessee to submit the statement of assets,
liabilities and lifestyle, if he
a) has a gross wealth over Tk 2.5 million; or
b) owns a motor car; or
c) has made an investment in a house property or an apartment in the city
corporation area.
If any individual, not being a shareholder director, has his income from a salary
or his income from business or profession does not exceed Tk 0.3 million, he
may opt not to submit the statement of lifestyle.