UNB, Dhaka :
The National Board of Revenue (NBR) is going to intensify its tax surveys, inspections, monitoring and realization as the revenue collection growth of its Income Tax Wing in November had been a little bit slower compared to the Customs and VAT wings.
“The Board has already directed all the field offices to intensify and strengthen their respective tax surveys to have a justified growth with other wings,” an NBR official told UNB. The NBR on November showed a significant 23.34 growth in revenue collection. During the last month, the collection for the national exchequer was Tk 12,068 crore which was Tk 9,729.87 crore during the same period of the last fiscal.
The revenue collection growth for the first five months of the current fiscal is almost 14 percent, which was 10.44 percent in the first four months of the running fiscal.
According to the NBR statistics, the highest growth in November was attained by VAT wing with 32.49 percent. Customs Wing registered 26.72 percent while the lowest growth was attained by
Income Tax Wing with 10.77 percent.
The NBR has got a gigantic target of Tk 176,370 crore revenue collection for the 2015-16 fiscal against Tk 135,028 last year. This year, the target was set to collect Tk 64,971 crore from income tax, while Tk 64,262 crore from VAT and Tk 18,752 from import duty. The target for export duty has been fixed at Tk 37 crore, excise duty at Tk 1,239 crore and supplementary duty at Tk 25,875.
The National Board of Revenue (NBR) is going to intensify its tax surveys, inspections, monitoring and realization as the revenue collection growth of its Income Tax Wing in November had been a little bit slower compared to the Customs and VAT wings.
“The Board has already directed all the field offices to intensify and strengthen their respective tax surveys to have a justified growth with other wings,” an NBR official told UNB. The NBR on November showed a significant 23.34 growth in revenue collection. During the last month, the collection for the national exchequer was Tk 12,068 crore which was Tk 9,729.87 crore during the same period of the last fiscal.
The revenue collection growth for the first five months of the current fiscal is almost 14 percent, which was 10.44 percent in the first four months of the running fiscal.
According to the NBR statistics, the highest growth in November was attained by VAT wing with 32.49 percent. Customs Wing registered 26.72 percent while the lowest growth was attained by
Income Tax Wing with 10.77 percent.
The NBR has got a gigantic target of Tk 176,370 crore revenue collection for the 2015-16 fiscal against Tk 135,028 last year. This year, the target was set to collect Tk 64,971 crore from income tax, while Tk 64,262 crore from VAT and Tk 18,752 from import duty. The target for export duty has been fixed at Tk 37 crore, excise duty at Tk 1,239 crore and supplementary duty at Tk 25,875.
