Highway restaurants must install electronic VAT machines: NBR
Highway restaurants must install electronic VAT machines: NBR

The National Board of Revenue (NBR) has made the installation of Electronic Fiscal Devices (EFDs) or Sales Data Controllers (SDCs) mandatory for all highway restaurants to curb tax evasion and improve Value Added Tax (VAT) collection. The decision follows complaints from consumers that many...

Proposed Revenue Commission to enhance NBR's tax efficiency
Proposed Revenue Commission to enhance NBR's tax efficiency

A high-level advisory panel has recommended establishing a dedicated commission to enhance the National Board of Revenues (NBR) capacity for tax administration and revenue collection through well-founded policies, reports UNB. The proposed Revenue Commission aims to develop revenue policies...