Citibank, NA, Bangladesh yesterday signed an agreement with Sonali Bank Limited for a new “Corporate Tax e-Payment” solution.
Senior officials of Sonali Bank Limited, The National Board of Revenue, Bangladesh Bank, International Finance Corporation, IT Consultants Ltd and Citibank NA attended the signing ceremony.
Once the new system goes live, Citi’s clients will benefit by being able to pay taxes online. The National Board of Revenue (NBR) is currently in the process of developing a system where corporate taxpayers will be able to pay tax online.
Pradip Kumar Dutta, managing director and of Sonali Bank Limited reiterated the role of Sonali Bank in the proposed tax e-payment mechanism for institutional customers and stressed the effectiveness of this digitised method in stead of the prevailing manual tax payment process.
Rashed Maqsood, managing director and Citi’s country officer for Bangladesh highlighted Citi’s commitment to deliver world class solutions for corporate clients.
"This partnership with NBR and Sonali Bank will pave the way towards an electronic era in corporate tax, and further strengthening Citi’s continued leadership in the country’s electronic banking space," he said.