Dhaka, Oct. 15 -- The National Board of Revenue (NBR), has extended the deadline for filing VAT returns for July and August by another 10 days, just three days after returning to the system of monthly submissions.

The revenue authority had initially given businesses 15 days to submit the returns for the two months, setting Oct 15 as the deadline. It has now extended the deadline to Oct 25.

Businesses filing their returns within the extension period will not have to pay any interest or penalties, according to a fresh order issued by the NBR on Thursday.

Explaining the decision, the tax authority said "some administrative adjustments" to the e-VAT system were necessary following the return to monthly VAT filings.

At the start of the cur...