NBR plans big to monitor store sales

The revenue authority plans to buy a total of 300,000 sales monitoring devices this fiscal year to bring all shops under an online network and cut the scope for VAT evasion.   The government already gave approval to purchase 100,000 such electronic fiscal devices (EFDs) for Tk 316 crore ($37.5 million) from a consortium led by Shenzhen-based SZZT Electronics.   The National Board of Revenue (NBR) has awarded the contract to the consortium, which was the lowest bidder in a tender floated to buy the devices.