Large-Value Tax Payment via MFS Launched

The National Board of Revenue (NBR) has launched large-value tax payment facilities through Mobile Financial Services (MFS) to make corporate tax payments easier, faster, and fully digital. With this initiative, corporate taxpayers can now pay taxes digitally without visiting banks.

At the inaugural event, tax payments were made on a pilot basis using bKash Limited’s online merchant wallet service. An amount of BDT 130 million was paid as withholding tax, while BDT 640 million was paid as VAT, marking a significant milestone in the country’s digital tax system.

Speaking at the event, Secretary of the Internal Resources Division and Chairman of the National Board of Revenue, Md. Abdur Rahman Khan, said that the introduction of large-value tax payments through MFS would significantly simplify and speed up tax payments for corporate taxpayers. He added that the initiative would play an important role in modernizing and updating the country’s tax collection system.

He further noted that many corporate entities are already using MFS platforms to pay employee salaries. With this new system, they will now be able to pay withholding tax, VAT, and other taxes through the same digital platform. He also expressed optimism that other MFS providers would introduce similar services in the near future.

According to NBR officials, withholding tax can now be paid through the eTDS system, while VAT payments are being processed through the Finance Division’s e-Challan system under this new service. The digital initiative is expected to enhance transparency, reduce transaction time and costs, and encourage taxpayers to make large-value tax payments more efficiently.

The National Board of Revenue stated that the government will continue its efforts to modernize revenue administration, expand digital transactions, and strengthen cashless government financial services.