Prime Bank joins NBR's Integrated VAT System

Prime Bank has partnered with the National Board of Revenue (NBR) to develop single and multiple BIN validations for enhanced VAT payment experience, says a press release.
Prime Bank's corporate clients have been enjoying the e-VAT service through the bank's Omni Digital Platform, PrimePay, since December 2020.
The latest integration will bring VDS (VAT Deduction at Source) payment as an additional feature of the e-VAT service for the bank's corporate clients.
By using Integrated VAT Administration System (IVAS) system of NBR, 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 from PrimePay.
An inauguration ceremony was held at the bank's head office. Kazi Mostafizur Rahman, VAT Online Project Director and Commissioner, NBR, and Faisal Rahman, Additional Managing Director of Prime Bank, were present at the ceremony.