- NBR has launched large-value corporate tax and VAT payments through bKash and other licensed mobile financial service providers.
- The initiative aims to fully digitize the revenue system, ensuring transparency, accuracy, and real-time settlement.
- Digital payments will make compliance easier for big taxpayers, reduce risks like theft and fraud, and lower currency printing costs.
- NBR is also focusing on strengthening the e-TDS system, automating VAT returns, and enabling bulk tax payments.
- Full digitization is expected to reduce tax evasion, eliminate fake challans, and improve tax collection efficiency.
Source: en.somoynews.tv
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.
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