VAT Registration Certificate (Value Added Tax) is an essential document for starting business in Bangladesh; it can be needed for company business, partnership, proprietorship, Limited company, Joint Venture Company or foreign company. VAT Registration Certificate also usages in export, import and manufacturing business for deduction of VAT at source. The manufacturing company including VAT before pricing of finished goods to the consumer. Without VAT registration certificate; it will be difficult to deduct VAT on the business.
The customs and port authority deduct VAT at source on most of the business by following the VAT Registration Certificate. At present nearly all kinds of business are needed VAT certificate for operating the business, such as, supplier, manufacturing, distributor, super shop, restaurant, export, import, buying, indenting and so on.
Limited company & partnership business at first needs Company registration and Partnership Firm Registration from RJSC (The Registrar of Joint Stock Companies and Firms) then needs to collect Trade License from City Corporation of local authority as like union council or municipality. If the business will export and import oriented, must take Export Registration Certificate and Import Registration Certificate for doing international business to foreign countries.
Few papers need for collecting VAT Registration Certificate.
- Trade License copy (Company’s Trade license copy for Limited Company)
- Two copy of photograph (if Limited Company needs Managing Director’s
two copies of photographs)
- TIN (Taxpayers Identification Number) certificate (If limited Company needs Company’s TIN certificate)
- Bank solvency certificate of the business bank A/C (Company’s bank solvency certificate if limited Company).
- Export Registration certificate and Import registration certificate (if needed)
- Centralized registered business needs all seals centre list. (If needed)
- To declare VAT from XII for plant, machinery, fittings, manufacturing products, purchase, seals etc.
- Memorandum of Association and Articles of Association (for Limited Company).
- Incorporation Certificate (For Limited Company Registration at RJSC).
- Office rental deed or ownership deed for Business premises.
- Factory’s Layout (for manufacturing industry).
- VAT application from.
- National ID card copy (Voter ID Card)
Most of the countries of the world are collecting VAT (Value Added Tax) from many business & services to increase Govt. exchequer and monitoring trade & commerce into the country.