eVAT – Online VAT Payment Solution

HSBC has launched an online Value Added Tax (VAT) payment solution first time in Bangladesh, in association with National Board of Revenue (NBR) and Bangladesh Bank.
Contact us

In Bangladesh, VAT payments are primarily collected through paper instruments (e.g. Pay Order or Bangladesh Bank Cheque) which are manual, time consuming and prone to human error. With HSBC’s eVAT solution, your company will be able to make VAT payment to the Government electronically through HSBCnet. Upon completion of a successful payment, you will receive an SMS with a VAT Challan Number (receipt provided by the Government) and an email from NBR.

Watch this video to learn more about how HSBC is supporting smarter business

 

Benefits

  • No need to go to the bank or Government office.
  • No need to handle paper-based instruments, e.g. Pay Order, Bangladesh Bank Cheque.
  • Each transaction will be completed near real-time through Real Time Gross Settlement (RTGS), instead of taking up to three days using paper instruments.
  • Reduced processing costs.
  • SMS receipt of the VAT Challan Number within couple of minutes.
  • Email receipt of challan copy from NBR the following business day.
  • Easier and faster reconciliation.

Want to know more?

Please contact your Relationship Manager for more information.

Contact us

Call us on: +880 9666 331 000

You are leaving the HSBC Commercial Banking website.

Please be aware that the external site policies will differ from our website terms and conditions and privacy policy. The next site will open in a new browser window or tab.

You are leaving the HSBC Commercial Banking website.

Please be aware that the external site policies will differ from our website terms and conditions and privacy policy. The next site will open in a new browser window or tab.