The National Board of Revenue (NBR) introduced on Tuesday the long-awaited electric fiscal devices (EFDs) on a pilot basis to check VAT evasion in businesses.
NBR chairman Abu Hena Md Rahmatul Muneem inaugurated a pilot programme of the device on the NBR premises.
In the first phase, the revenue board will install some 100 EFDs in Dhaka and Chattogram.
Of them, some 80 will be installed in Dhaka and 20 in Chattogram.
Addressing the programme, Mr Muneem said the new device will create a level of confidence among consumers.
The NBR expects to install some 1000 EFDs in phases by the next three months, he added.
Mr Muneem said consumers will be incentivised through lottery for taking the EFD-generated vouchers.
The device will be connected with the NBR server and its transaction will be captured on a real-time basis.
Some 24 categories of products and services having an annual turnover of more than Tk 5.0 million will come under the EFD coverage.
