The National Board of Revenue (NBR) office in Dhaka Mehedi Hasan/Dhaka TribuneThe government earlier made the use of EFDs mandatory for 13 types of business entities, to check Value Added Tax (VAT) evasionThe National Board of Revenue (NBR) has decided to clamp down on business entities which have not installed electronic fiscal devices (EFDs) in city corporation areas from November 1, and in district towns from December 1. The government earlier made the use of EFDs mandatory for 13 types of business entities, to check Value Added Tax (VAT) evasion, reports UNB. If the offence is committed repeatedly, then the NBR will lock the Business Identification Number (BIN) of the offender. The EFDs will be connected to a server at the NBR. In 2008, the NBR had made the use ofECRs mandatory for 11 types of businesses: hotels, restaurants, confectionaries, jewellers, beauty salons, wholesalers, and large retail stores.

Source: Dhaka Tribune September 18, 2018 16:07 UTC