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Introduction
This notice explains what’s the creator’s own responsibility versus what হবে নাকি Coffee? itself handles for income tax and VAT. We are not a financial or tax advisor — consult an accountant or tax professional for your specific situation.
Income tax — creator’s responsibility
As a creator, you are solely responsible for determining, paying, and reporting applicable income tax (Income Tax Ordinance 2023) on the net earnings credited to your wallet. We do not file or pay income tax on your behalf unless legally required.
VAT — the marketplace-commission model
Under the National Board of Revenue (NBR)’s e-commerce/marketplace guidance, a marketplace platform pays VAT (VAT & Supplementary Duty Act 2012) on its own commission/service-charge revenue— not on the full amount changing hands between supporter and creator. Since হবে নাকি Coffee? takes a 5%–10% platform fee (commission) on each transaction, we calculate and remit VAT on that commission revenue under the applicable rules.
Applicable rate:[TODO: confirm with an accountant — the standard rate is 15%, or a reduced 5% rate may apply if classified as an Information Technology Enabled Service (ITES)].
Our BIN (Business Identification Number) and TIN (Taxpayer Identification Number) are published in the footer — we are an NBR-registered VAT and tax-paying entity.
Your own VAT/TIN/BIN
If your gross earnings (before platform fee deduction) exceed the ~BDT 30 lakh annual turnover threshold, you may need your own NBR VAT registration (BIN) and TIN. You may optionally add your TIN/BIN to your creator profile — this is voluntary and used only for the platform’s own recordkeeping/export, not enforced on any transaction.
You remain fully responsible for determining and paying your own VAT/income tax regardless of whether you add a TIN/BIN to your profile.
Sharing data with tax authorities
We may be required by law to provide your transaction information to NBR or another tax authority upon valid legal request. We retain transaction records for at least 5 years per NBR recordkeeping rules.
Policy changes
We will update this notice as tax law or NBR guidance changes. For significant changes, we will provide at least 30 days’ notice.
Contact
Email: support@hobenakicoffee.com