One-third VAT to be collected through EFDs

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Business Desk :
The National Board of Revenue (NBR) has set a target to collect one-third of value-added tax (VAT) through proper implementation of the programme to install electronic fiscal devices (EFDs) in the retail outlets, its chief has said.
In a programme on EFD lottery, NBR chairman Abu Hena Md Rahmatul Muneem said that the revenue authority is holding the lottery every month to encourage consumers to take EFD-generated invoices, but most of the winners of the lottery are not coming to receive the prizes.
The NBR has installed some 3,500 EFDs in Dhaka and Chattogram. Muneem said the NBR would assign private companies to popularise the EFD programme.

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