DHAKA,Nov 10,2021 (BSS) - The National Board Revenue (NBR) officials

recently exchanged views with BRAC Bank corporate clients on online VAT
payment.

  BRAC Bank organized the roundtable discussion titled "Enhancing Customer
Experience for online VAT Payment through API Connectivity" where bank's
corporate customers exchanged views with the high officials of NBR) about
their experience of paying VAT and other duties online at BRAC Bank's head
office, said a press release.

  VAT Online Project Director (Commissioner) of NBR Kazi Mostafizur Rahman
attended the discussion as the chief guest.

   Deputy Managing Director and Head of Corporate Banking of BRAC Bank Tareq
Refat Ullah Khan took part in the discussion as the panelist while Head of
Transaction Banking Jabedul Alam moderated the session.   

  Earlier in July 2021, BRAC Bank became the first private commercial bank in
Bangladesh to join NBR's online VAT payments system through API connectivity
enabling the bank's business customers to pay VAT and other taxes digitally.

   Using this facility, the bank's Corporate Clients are paying their VAT,
VDS, and supplementary duty directly from their respective BRAC Bank accounts
with real-time data validation with NBR using CORPnet, BRAC Bank's unique
internet banking platform for Corporate Customers.   

  This integration saves a lot of time, money and energy of the clients who
now do not need to visit bank or tax office to make payment to the government
coffer. NBR's initiative taken in light of the government's vision of a
Digital Bangladesh, has resultantly strengthened its revenue mobilization
drive.

   Commenting on the initiative, Tareq RefatUllah Khan said: "This government
and private sector dialogue provides a unique opportunity for our valued
clients to offer their suggestions and feedback so that NBR can consider
incorporating those insights in next phase of the project."