Economic Reporter :
Revenue collection rose 4.55 per cent year-on-year to Tk 132,165 crore in the July-January period of the current fiscal year, in line with the pace gained in economic and business activities, says the National Board of Revenue (NBR) data.
Collection of import and export tariffs, income tax and value added tax (VAT) edged up in January.
However, overall receipts reached 78 per cent of the NBR’s total tax collection target of Tk 169,000 crore for the first seven months of fiscal 2020-21.
This means the tax authority was Tk 36,840 crore short of the goal for the period.
The NBR said its collection of VAT, the main source of revenue, had further increased in January, thanks to momentum gained in domestic economic activities.
The VAT receipts grew 2.26 per cent year-on-year to Tk 51,422 crore.
Collection from customs, mainly import duty, grew 7 per cent year-on-year to Tk 39,793 crore while income tax 5 per cent year-on-year to Tk 40,950 crore.
