National Board of Revenue (NBR) Chairman M Mosharraf Hossain Bhuiyan yesterday said Electronic Tax Identification Number

(e-TIN) is not mandatory to open Beneficiary Owner (BO) account in the capital market.

“The existing process of opening BO account in the capital market will continue in future. e-TIN is not mandatory for opening the BO account,” he said while speaking as the chair at a pre-budget discussion at NBR headquarters in the capital.

Representatives from Bangladesh Steel Manufacturers Association (BSMA), Real Estate and Housing Association of Bangladesh (REHAB), Bangladesh Land Development Association, Steel Building Manufacturers Association (SBMA) took part at the discussion.

In case of implementation the new VAT law, Mosharraf said, the government cannot withdraw the existing special facilities in the new VAT law. “So, we will keep some special facilities in the new VAT law for some areas,” he added.