Tax revenue falls BDT 202b short of July-Oct target
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Dhaka, Bangladesh, Dec. 5 -- The first four months of the current fiscal year (FY), 2019-2020, saw a tax revenue shortfall by nearly 24 per cent or BDT 202.20 billion against the target.
The National Board of Revenue (NBR) collected BDT 650.96 billion in taxes during the July-October period of FY'20 against its target of BDT 853.17 billion, according to the official figures.
However, the volume of tax revenue collection registered a poor 4.33 per cent growth, compared to the same period of the last fiscal.
The NBR had collected BDT 623.93 billion tax revenue during the same period of last fiscal.
The income tax wing posted the highest growth of 12.90 per cent while VAT wing 1.79 per cent and the customs wing 0.09 per cent over the cor...
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