Bangladesh
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Withholding tax can be paid online: NBR

Taxpayers will not only be able to pay withholding tax online but also prepare returns and file those electronically too, said the National Board of Revenue (NBR) yesterday. 

The tax authority announced this highlighting the launch of an electronic tax deduction at source (e-TDS) system in October last year to check tax dodging.

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Tax deducted at source, also known as withholding tax, accounts for more than a half of the direct tax collected by the NBR annually.

At present, the tax authority collects tax deducted at source from nearly 50 areas including from payment to contractors, imports, interest income of depositors and from property transfers, said officials.

"Online payment of withholding tax will help us ensure transparency in this area as the scope of forgery will reduce," said a senior official of the NBR.