The National Board of Revenue (NBR) has urged businesses to finalize the transition from their former Business Identification Number (BIN) to the recently assigned BIN by November 30 this year. This initiative follows the restructuring of VAT Commissionerates designed to bolster tax administration and enhance taxpayer services.
According to a recent press statement by the NBR, the organization has revamped the jurisdiction of existing VAT commissionerates and established new ones to broaden the tax base, increase revenue collection, and provide improved services to taxpayers. This move aligns with the government’s overarching administrative reform agenda to make the indirect tax system more agile, effective, and contemporary. As part of the restructuring, businesses’ BINs have been reassigned to the newly designated areas.
The NBR clarified that only the final four digits of the BIN have been modified to indicate the respective VAT commissionerate and division, while all other business details linked to the BIN remain unchanged. To facilitate uninterrupted import and export operations, both the old and new BINs of impacted businesses have been temporarily retained in the customs’ ASYCUDA World system.
Consequently, importers and exporters can carry on with ongoing customs procedures, such as letters of credit (L/Cs), bills of entry, customs declarations, and other transactions, using their former BINs during the transition phase. The NBR has advised all concerned businesses to finalize any pending activities associated with their old BINs and ensure compliance with the new BINs by the specified deadline.
Post the deadline, the old BINs will be automatically deactivated in the ASYCUDA World system. Subsequently, all customs-related import and export activities must exclusively use the new BINs. The revenue board has called for the collaboration of all stakeholders to maintain uninterrupted economic operations and support its endeavors to establish a more dynamic, efficient, and contemporary revenue administration.
