Businesses can now courier VAT returns

The revenue authority now plans to provide businesses with the opportunity to submit VAT returns by post and courier, a senior NBR official said yesterday.

“We are considering this option to reduce hassles of the taxpayers to visit field office,” said Md Rezaul Hasan, member for customs and VAT administration at the National Board of Revenue (NBR).

He said the tax administrator plans to open submission of VAT returns online from the next month. “We are in discussion with businesses in this regard.”

The NBR launched online registration for business identification numbers (BINs) in March this year and until now, 71,000 businesses have got BINs online. The number of return submissions also increased after the introduction of e-BINs.

So far, 60,000 firms submitted returns after the launch of online BINs.