, Dec. 9 -- The National Board of Revenue (NBR) is observing VAT Day on Tuesday and VAT Week from December 10-15, underscoring the importance of timely VAT registration under this year's theme, "Register on Time, Pay VAT Accurately."

To strengthen the campaign, the revenue authority is launching a nationwide special VAT registration drive from December 10-31, targeting the inclusion of around 100,000 new businesses under the VAT net. At present, Bangladesh has 6.44 lakh VAT-registered entities.

According to NBR figures, VAT contributed 38 percent of the authority's total revenue collection in the last fiscal year.

During the first five months of the current fiscal year, VAT receipts grew by 22 percent compared with the same period a ye...