- NBR panel suggests e-invoicing for VAT to establish transparency in tax collection
- Implementation of automated chalan in VAT collection will save time and reduce errors
- Committee formed to strengthen automation process of NBR and formulate integrated plans for customs and VAT
- Suggestions include central data center, data warehouse, and integration of online platforms
- Proposal for on-chassis delivery tracking system and electronic cargo tracking system
- Recommendations for setting up national risk-targeting center at Customs Risk Management Commissionerate
Source: banginews.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "Bangladesh"
- NBR Halts Manual VAT Audits to Prevent Corruption, Plans Automated System Implementation
- Understanding Tax Refund Limitations: Legal and Erroneous Payment Criteria Under the Tax Code
- Bangladesh Loses Tk 1.88 Trillion to VAT Evasion and Exemptions in FY23, Study Reveals
- Bangladesh Faces VAT Shortfall, Corruption, and Declining Tax-to-GDP Ratio, Urgent Reforms Needed
- NBR and BTRC Dispute Over VAT Audit of Telecom Operators Continues Unresolved
