Prime Bank now linked to NBR’s digital tax payment system

Prime Bank Ltd (PBL) formally connected with the electronic Tax Deduction at Source (eTDS) system of the National Board of Revenue (NBR) yesterday.

Mohammad Jahid Hasan, commissioner of taxes, and Shams Abdullah Muhaimin, deputy managing director for transaction banking at PBL, launched the system at the NBR's tax zone-6 in Dhaka, a press release said.

This system allows users to get the TDS certificate, monthly report, and withholding tax return immediately along with a challan.

Users will be able to get all types of tax deduction information such as salary payments and many more services by integrating data sharing with the eReturn system.

"Prime Bank is always on the lookout to expand to new avenues of this digital era. By initiating tax deduction services at source, our corporate customers will be able to digitize their tax return process," Muhaimin said.

Md Nururzzaman Khan, additional commissioner of taxes; Ariful Hoque, deputy commissioner of taxes; Kazi Mohammad Ziaul Haque, senior system analyst of the NBR; Mohammad Nur Nobi, executive vice-president of PBL; and Mohammad Farhan Adel, senior vice-president for transaction banking at PBL, were also present.