Page 14 - VAT-Administration
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In recent times the National Board of Revenue has taken a number of initiatives to establish a
taxpayer friendly modern customs, excise and VAT administration. Some of those initiatives
are as follows:
• VAT and SD Act, 2012 and VAT and SD Rules, 2016
• The new laws and rules will be effective from 1 July, 2019.
• Online Registration System was launched in last fiscal year and VAT
registration process came in the fingertips of taxpayers. Now, taxpayer do not
need to go to VAT office and submit any hard copy document to get the VAT
registration.
• Online Return Submission and Payment are going to be launched from 1
January 2018. Then the taxpayers will not be required to go to VAT office for
their business activities and that will lead a big jump in quality of service
delivery. It is expected that these phase shifts will have positive impact for
Bangladesh in uplifitg the positions in Doing Business Index 2019 and 2020.
• There will be no requirement for the advanced treasury deposits.
• It will establish a business friendly, uniform legal framework to enhance
compliance and revenue collection.
• VAT Online Project
• To implement the VAT and SD Act, 2012 and VAT and SD Rules, 2016, the
Officials of VAT online Project are putting their relentless effort. The slogan
of VAT Online Project is
“ভয্াট িদন aনলাiেন “Revenue will increase by depositing
VAT online”
রাজs বাড়েব ব েণ”
• VAT Online Contact Centre: The helpline no 16555 has been inaugurated and
gained much popularity. Millions of taxpayers are
getting services from this contact centre. So far,
about 10 million calls have been received and
answered. Now the call centre agents give
support on issues regarding both new and old
acts. Moreover, NBR is making outbound call to
taxpayers for correcting errors in registration
data, to remind them to submit return in time and any other issues. 164 call
centres are already in operation all over the country.
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