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Revenue collection witnesses 14.36% growth in July-Oct

BSS . Dhaka
02 Dec 2023 18:29:59 | Update: 02 Dec 2023 18:29:59
Revenue collection witnesses 14.36% growth in July-Oct
— Representational Photo

The revenue collection by the National Board of Revenue (NBR) from income tax, customs and VAT during the July-October period of the current fiscal year (FY24) witnessed a 14.36 per cent growth fetching Tk 1,03,976 crore.

According to data from the NBR, the revenue collection from the customs during this four-month period totalled Tk 32,668 crore, from VAT Tk 40,048.62 crore and income tax and travel tax Tk 31,259 crore. The revenue collection target during this July-October period was Tk 1,23,185 crore.

The NBR data showed that, the revenue collection by NBR during the July-October period of the last fiscal year (FY23) from customs were Tk 29,937 crore, from income tax Tk 26,784 crore and revenue collection from VAT Tk 34,197 crore.

The NBR has set a revenue collection target of Tk 4,30,000 crore in FY24.

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