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Bangladesh’s BRAC Bank has API connectivity with NBR

Bangladesh’s National Board of Revenue (NBR) has partnered with BRAC Bank, allowing the bank to set up an API connectivity with NBR’s VAT Online project. The bank has thus become the country’s first private commercial bank to establish the connectivity. The bank will now be able to offer its corporate clients a solution to pay their VAT, VDS and supplementary duty with real-time data validation through CORPnet, the bank’s unique internet banking platform for the corporate clients. NBR, following with the Government’s vision of becoming a Digital Bangladesh, has taken several steps towards strengthening its revenue mobilization programs. It has initiated online VAT Payments, enabling businesses to make VAT payments to the government exchequer online and directly from their bank accounts.  Kazi Mostafizur Rahman, VAT Online Project Director and Commissioner, NBR, said the integration will help to collect government revenue effortlessly and take the country’s journey a step ahead towards Digital Bangladesh.

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