In a recent notice, Facebook prompted all business page admins who also have an advertising account on Facebook to add their BIN or TAX number if their page location is set to Bangladesh.
They also mentioned regardless of they are running ads for business purposes or personal purposes (non-business), a 15% extra surcharge will be added to the advertising spend on Facebook very soon if they do not update their BIN or tax number.
Business pages are getting this type of prompt when they are managing their pages from Bangladesh.
Check the full notice from the below picture or from here.
We as a registered digital media and IT firm in Bangladesh have already added our BIN information to Facebook to comply with the law of Bangladesh and Facebook compliance guidelines.
All of our agency clients will now have to provide 15% of the additional VAT for any media buying activities on top of regular ASF fees. We have informed our current clients regarding the change and added this information to our decks and presentations.
If you would like to run a social media advertisement in Bangladesh with full compliance, contact us for a social media buying service.