Budget FY27: TIN certificate may be made mandatory for opening bank account

The government has proposed to introduce
a mandatory Tax Identification Number (TIN) certificate for opening a bank
account in the upcoming FY2026-27 budget.
"We
propose introducing a provision requiring any individual, except holders of
Student Accounts, No-Frills Accounts, and persons exempted from obtaining a TIN
through a government gazette notification, to submit a TIN certificate at the
time of opening a bank account," said the budget document.
The
total number of banking accounts in the banking industry stood at 17.79 crore
at the end of December 2025, according to Bangladesh Bank data.
Finance Minister Amir Khosru Mahmud Chowdhury is set to unveil his
maiden national budget for FY2026-27 in parliament this afternoon (11 June).
The proposed budget is expected to have a total outlay of Tk9.38 lakh crore,
making it the largest national budget in Bangladesh's history.
The government is also expected to announce stronger
technology-based monitoring measures aimed at curbing tax evasion and
increasing revenue collection.
As part of the initiative, a Central Data Integration
system may be introduced to connect the NBR's database with information held by
various institutions, including the national identity card system, banks,
utility service providers such as electricity, gas and water companies, and
sub-registrar offices.
Officials believe the move will help improve tax
compliance, expand the tax net and strengthen revenue administration through
greater data sharing and coordination among government agencies.
















