Why are 80 percent of jewellers operating outside the net?
The National Board of Revenue (NBR), in association with Genex Infosys Limited, will install electronic fiscal devices (EFDs) at retail and wholesale outlets in Bangladesh to improve the collection of value-added tax (VAT) from these sources.
The National Board of Revenue (NBR) is going to install three lakh Electronic Fiscal Devices (EFDs) at retail and wholesale stores through third party in order to collect Value-Added Tax (VAT) from stores.
The National Board of Revenue should accelerate the use of electronic fiscal devices (EFDs) and ramp up monitoring to eliminate non-compliance with a view to raising more value-added taxes using technologies, said former top taxmen and economists.
