NBR partners with BRAC Bank

Staff Correspondent

2 July, 2021 12:00 AM printer

The National Board of Revenue (NBR) has partnered with BRAC Bank, allowing the bank to establish its API connectivity with NBR’s VAT Online Project.

BRAC Bank has become the country's first private commercial bank to establish API connectivity with NBR's VAT online project, said a press release.

BRAC Bank will now able to offer its corporate clients a solution to pay their VAT, VDS and supplementary duty with real-time data validation through CORPnet, the bank's unique internet banking platform for the corporate clients.

NBR, following with the Government's vision of becoming a Digital Bangladesh, has taken several steps towards strengthening its revenue mobilization programmes.

Continuing this journey, NBR has initiated online VAT Payments, enabling businesses to make VAT payments to the government exchequer online and directly from their bank accounts.