The overall revenue collection by the National Board of Revenue (NBR) during the first 11 months (July-May) of the current fiscal year (FY22) witnessed a healthy growth of 14.93 per cent, totalling Tk 2,52,920.76 crore.
During the first 11 months of the last fiscal year (FY21), the revenue collection totalled Tk 2,20,072 crore.
Analysing the sector-wise revenue collection scenario of this July-May period, it was found that Tk 80,048.79 crore came from the customs duty, Tk 95,014.66 crore came from the VAT while Tk 77,028.61 crore came from the income tax and travel tax.
The revenue collection of the NBR is, however, lower than the 11-month target of Tk 2,86,091.55 crore.
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Talking to BSS, NBR member Dr Abdul Mannan Shikder said that positive changes have been evident in the mindset of the businessmen and individual taxpayers compared to the past as they are becoming compliant every now and then.
"Side by side, the field-level tax officials are strengthening their monitoring system. Considering all these things, there has been positive growth in revenue collection," he added.
Mannan also opined that an increase in revenue collection in income tax and VAT indicates the improvement of good governance in the country.
The NBR has been giving due importance to checking tax evasion in the customs system side by side the businessmen are now much more compliant since they have taken VAT registration online and thus paying VAT, he mentioned.
On the other hand, it has been possible to bring the maximum number of people under the tax net in case of direct tax.
Mannan said since tax at source is being deposited through the electronic method, so, it has been playing a special role in revenue collection.
The senior NBR member also opined that the revenue collection would be much better at the end of this month.
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According to NBR, the revenue collection from customs during the first 11 months of the last fiscal year (FY21) totalled Taka 68,010.54 crore which has increased by 18.18 per cent to reach Taka 80,048.79 crore.
The revenue collection from income tax during the first 11 months of the current fiscal year totalled Taka 77,028.61 crore with a 17.62 per cent growth.
The revenue collection from income tax during the first 11 months of the last fiscal year (FY21) was Taka 65,070.67 crore.
The revenue collection from VAT witnessed a healthy 10.30 per cent growth during this 11-month period fetching Taka 95,014.66 crore compared to Taka 62,026 crore bagged during the same period of the last fiscal year.
