- Bangladesh’s National Board of Revenue (NBR) has enabled large-value corporate tax and VAT payments through the bKash mobile financial service.
- This move advances the digitalisation of revenue collection, allowing for secure, real-time, and transparent tax payments by businesses.
- The initiative aims to reduce the high costs associated with cash transactions and is open to all licensed mobile financial service providers.
- NBR is also working on systems for bulk tax payments, automated VAT returns for small businesses, and faster transfers to the government treasury.
Source: regfollower.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.
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