The National Board of Revenue (NBR) is mandating Electronic Fiscal Devices (EFDs) or Sales Data Controllers (SDCs) in all VAT-eligible highway hotels and restaurants to combat tax evasion and ensure proper VAT deposits. Field commissioners are tasked with enforcing the mandatory installation, with Genex IT assisting in the process. To incentivize compliance, the NBR encourages consumers to collect electronic invoices and will hold a monthly lottery for those who do. These measures aim to strengthen revenue collection and transparency.
Source: banglanews24.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.
