Bangladesh’s National Board of Revenue (NBR) is mulling to make electronic payment (e-payment) mandatory for VAT payment from the beginning of next year. In the first phase, VAT on e-payment is becoming mandatory for VAT invoices above Tk1 crore. Later, e-payment will be made compulsory for the payment of VAT gradually.
Source: techobserver.in
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
