BIN Registration:

Every business in the country is required to have a unique Business Identification Number (BIN). To get a BIN, a business is required to receive a VAT registrationcertificate.
Whether a business is required to pay VAT would be depended upon annual turnover of that business. If the annual turnover of a business stands at 30 Lakhs Taka orless, that business is not required to pay VAT whereas if the annual turnover of a business stands between 30 lakhs 1 Taka to 80 lakh Taka, that business is required topay 3% Turnover Tax. All other businesses whose annual turnover is greater than 80 lakhs are required to pay VAT at 15% rate.
To continue your normal business operation including participation in tender, banking activities and export and import, you need to apply for VAT registration and receive a Business Identification Number (BIN).