Several administrations have adopted electronic fiscal devices (EFDs) in their quest to combat noncompliance, particularly as regards sales and the value-added tax (VAT) payable on sales. The ...

The National Board of Revenue should accelerate the use of electronic fiscal devices (EFDs) and ramp up monitoring to eliminate non-compliance with a view to raising more value-added taxes using ...

Back in 2018, the National Board of Revenue (NBR) took an initiative to set up free electronic fiscal devices (EFD) in shops across the country to ease collection of taxes. But only 3,393 shops in the ...

The installation of VAT machines has been mandatory for the last decade and a half, but not even 20,000 machines have been installed across Bangladesh, so far. Experts say prioritizing the ...

The National Board of Revenue (NBR), in association with Genex Infosys Limited, will install electronic fiscal devices (EFDs) at retail and wholesale outlets in Bangladesh to improve the collection of ...

Pliant Technology Unveils Enterprise Flash Drive Family: Industry’s Highest Performance and Most Reliable Flash Storage Devices Pliant Lightning EFDs Deliver 2-4 Times Faster Performance and 10 Times ...

The Internal Revenue Service paid up to $300 million in bogus tax refunds this year because it failed to complete an update of its digital tool for catching falsified tax returns. The IRS had tried to ...

The American Institute of CPAs (AICPA) has submitted recommendations to the Department of the Treasury concerning the transition to an electronic federal disbursements system (EFDS), as mandated by ...

The High Court in Blantyre has dismissed fears by some VAT operators that the implementation of Electronic Fiscal Devices (EFDs)—an advanced version of an electronic cash register -will cause loss of ...

Current and future challenges in the production of thin-film solar cells and modules were the key topic of the presentations given by members of leading research institutes, equipment manufacturers ...

Dodoma — The issuing of electronic fiscal devices (EFDs) to all value added tax (VAT) registered traders in the country is set to resume, the Finance and Planning deputy minister, Dr Ashantu Kijaji, ...