Dhaka, Sept. 9 -- The National Board of Revenue (NBR) is going to issue Statutory Regulatory Order (SRO) to give legal base for the newly introduced electronic tax deduction at source (e-TDS).

Tax at source is, currently, contributing around 64 per cent to the county's direct tax and the NBR collects source tax from 53 sectors including banks, multinational companies and universities.

NBR introduced e-TDS, a taxpayer-friendly and time-befitting system, in last October to facilitate some 350,000 corporate companies as per the income tax ordinance sections 58 and 75(a).

Since then, the system has been operating across the country experimentally and has already gained popularity. Following this, the NBR took initiatives to make the automa...