FPT successfully implements ePayment function for tax industry of Bangladesh

Recently, the launching ceremony of online payment module (ePayment) - the project of "Providing, implementing, warranting and maintaining the Integrated VAT Administration System (IVAS)" of the Tax Department of Bangladesh officially took place. The whole project was implemented by FPT Information System.

Attending the event were the senior leaders of the General Department of Taxation, the representatives from leading domestic and foreign banks in Bangladesh (HSBC, Midland Bank Limited, Prime Bank), the representatives of big companies with great contributions to the tax industry who have been connected with the online Value Added Tax Administration system and the reporters from many local newspaper and agencies, as well as the participation of more than 20 offices from the Tax Department and across the country through online platform.

Accordingly, after the ePayment module is activated, businesses and citizens can pay taxes online instead of going directly to the tax authorities. Immediately after the Chairman of the National Board of Revenue (NBR) - Mr. Abu Hena Md. Rahmatul Muneem pressed the activation button, the first ePayment transactions were successfully recorded on the system.

Mr. Kazi Mostaifizur Rahman, Head of Tax Audit and Inspection Department, aka Project Director, expects the ePayment module will help to improve the efficiency of tax activities as well as reduce the cumbersome administrative procedures that taxpayers encounter when they have to perform the above tasks at the tax office/bank counters.

"Sincerely thank FPT friends from a distant country for coming and supporting the implementation of the tax management application in Bangladesh", Mr. Hossain Monsur, Chairman of PetroBangla, a leading oil and gas company thanked FPT IS. As one of the leading companies in the industry and in the group of large enterprises directly managed by the Large Taxpayer Unit, PetroBangla hopes to receive new opportunities to help businesses fulfill tax obligations and responsibilities towards the country and community. The introduction of the ePayment system into the IVAS will simplify the process of paying taxes and related obligations of PetroBangla.

After the online payment module, other modules for Debt Acceleration and Management, Complaints Handling and others will be put into operation this year

More information Currently, FPT is the only Vietnamese company in Bangladesh. The company has implemented many IT projects for the government since 2014. In 2015, FPT surpassed 5 international competitors when being selected by the Bangladesh Tax Authority to implement the project of "Providing, implementing, warranting and maintaining the Integrated VAT Administration System” (IVAS) after 2 intense bidding periods.

The population in Bangladesh is more than 168 million people. From a country that is the second largest garment exporter in the world, Bangladesh is currently highly regarded in the global information technology and telecommunications market. With the "Digital Bangladesh" vision of 2021, the government aims to create about 2 million new jobs in the IT sector and increase IT service export revenue to USD 5 billion.