Dhaka, April 26 -- The National Board of Revenue (NBR) is currently exploring avenues to bolster its Value-Added Tax (VAT) earnings, crucial for meeting revenue collection targets. To achieve this objective, the NBR is focusing on the installation of electronic fiscal devices (EFDs) at retail levels.
Despite efforts to enhance VAT collection through electronic devices, the tax authority has observed that revenues generated from these devices fall short of expectations. Consequently, there is a significant opportunity to augment indirect tax revenues by expanding the coverage of businesses operating under the EFD net.
In March, the government agency collected only Tk 33.58 crore from 9746 EFD machines installed nationwide. This figure unde...