The private vendor will install and maintain electronic fiscal devices (EFDs) or sales data controllers (SDCs) under a contract with the VAT wing.The National Board of Revenue (NBR) officially handed over the responsibility to Genex on August 22 to collect value-added tax (VAT) from retail and wholesale businesses accurately.
Source: thefinancialexpress.com.bd
Latest Posts in "Bangladesh"
- NBR Expands Customs, VAT Wings and Splits into Two Divisions to Boost Revenue and Tax Base
- NBR Unveils Major Customs and VAT Reforms to Expand Tax Net and Boost Revenue Collection
- NBR Finalises Draft VAT Rules, Introduces Online Payment and Registration System
- Bangladesh Exempts Bonded Exporters from VAT on Local Procurement to Boost Competitiveness
- NBR Simplifies VAT Rules for Deemed Exports to Boost Local Suppliers