This was all thanks to an NBR initiative to boost the collection of value added tax (VAT) from the retail level and plug the scope for evading this charge. As such, the NBR recently announced this prize along with 100 others which would be disbursed through lotteries in a bid to encourage people to ask for machine-generated receipts, ensuring that the actual amount of VAT paid goes to the state coffer .
Source: thedailystar.net
Latest Posts in "Bangladesh"
- NBR to Fully Automate VAT and Income Tax Refunds for Faster, Transparent Service
- Bangladesh Enables Large Corporate Tax, VAT Payments Digitally via bKash and Other Mobile Services
- NBR Enables Corporate Tax, VAT Payments via bKash and Other Mobile Financial Services
- NBR Honours Top VAT Paying Businesses and Reporters to Promote Tax Compliance and Awareness
- Energy Ministry Urges VAT Cut on LPG Imports to Tackle Supply Crisis and Price Hikes













