During the initial four months of the current fiscal year (FY24), the National Board of Revenue (NBR) recorded a robust 14.36 percent growth in revenue collection from income tax, customs, and VAT, amounting to Taka 1,03,976 crore.
Customs contributed Taka 32,668 crore, VAT brought in Taka 40,048.62 crore, and income tax and travel tax totaled Taka 31,259 crore. Despite this positive performance, the overall revenue collection fell short of the targeted Taka 1,23,185 crore for the July-October period.
Comparatively, in the same period of the previous fiscal year (FY23), NBR’s revenue collection was Taka 29,937 crore from customs, Taka 26,784 crore from income tax, and Taka 34,197 crore from VAT. Notably, the NBR has set an ambitious revenue collection target of Taka 4,30,000 crore for the current fiscal year.
