The revenue collection by the National Board of Revenue (NBR) during the July-February period of the current fiscal year (FY2022-23) witnessed a growth of 8.92% to Tk1,96,037.51 crore through income tax, VAT, and customs from Tk1,79,984 crore of the same period of the last fiscal year (FY2021-22)
Media reported citing NBR officials that out of the overall revenue collection of Tk1,96,037.51 crore during this eight-month period, Tk59,198.07 crore come from customs, Tk76,401.46 crore from VAT, and Tk60,437.98 crore from income tax and travel tax.
This overall revenue collection is, however, lower than the revenue collection target of Tk2,19,015 crore during this eight-month period.
The revenue collection during the July-February period of the last fiscal year from customs or import and export duty was Tk56,726 crore which increased to Tk59,198.07 crore during this period having a growth of 4.36%.
On the other hand, the revenue collection from income tax and travel tax during this eight-month period witnessed a growth of 6.29% while the revenue collection from VAT during this July-February period experienced a healthy growth of 15.07%.
The revenue collection from income tax and travel tax during the July-February period of the last fiscal year was Tk56,861.56 crore while the revenue collection from VAT during the same period of the last fiscal year was Tk66,396.43 crore.
The NBR has a target of collecting Taka 3.70 lakh crore in the current fiscal year.