Dhaka, Feb. 1 -- A much-cherished rise in Bangladesh's tax-GDP ratio gets a mild push as the annual submission of income-tax returns by individual taxpayers increased 17 per cent to 3.5 million till an extended timeline.

Official statistics show the government's tax collection from individuals and their return submissions yet account for one-third of the total registered taxpayers.

As the return-submission deadline expired on January 31, 2024, the National Board of Revenue (NBR) had received taxes worth Tk 57.99 billion from the 3.5 million filings.

In the last financial year, the revenue board had received 30,28,661 tax returns with Tk 48.98 billion taxes until January 31, 2023.

Currently, there are some 9.8 million taxpayer-identifi...