TIN made mandatory for saving tools, building design

Special Correspondent

4 June, 2021 12:00 AM printer

Finance Minister AHM Mustafa Kamal has proposed having tax identification number (TIN) mandatorily in getting approval of plan for a building, obtaining registration for a cooperative society and purchasing saving tools (Sanchaypatra) exceeding Tk 200,000.

Registering TIN number is also made mandatory for opening a postal savings account exceeding Tk 200,000.

The Finance Minister made the proposal while placing national budget 2021-2022 before the Jatiya Sangshad on Thursday.

Earlier, the government made it mandatory to use TIN to buy a Sanchaypatra worth over Tk 100,000.