- The সরকার has proposed making VAT registration or a Business Identification Number (BIN) mandatory to open business bank accounts.
- The aim is to widen the VAT net, bring more businesses into the formal tax system, and increase revenue collection.
- Finance Minister Amir Khosru Mahmud Chowdhury announced the proposal while presenting the 2026-27 national budget.
- The government also plans amendments to the VAT and Supplementary Duty Act to boost revenue and improve tax system effectiveness.
Source: bssnews.net
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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