Prime Bank dealt with the National Board of Revenue (NBR) to develop single and multiple business identification number (BIN) validation for an enhanced VAT payment experience.
Under the agreement, Prime Bank’s corporate clients can privilege the e-VAT service through the bank’s omni digital platform, PrimePay. The latest integration will bring VAT deduction at source payment.
An inauguration ceremony was held at the bank’s head office where Kazi Mostafizur Rahman, VAT Online project director and Commissioner of the NBR was present.
The enlisted corporate users can easily and securely pay their e-VAT and supplementary duty directly from the user’s bank account to the national exchequer through the service.
Source: Business Insider