Bangladesh’s revenue collection grew 14.2 per cent year-on-year in the first four months of the current fiscal year despite a decline in October, the National Board of Revenue said on Wednesday.
The NBR reported that revenue from import–export activities fell 21.3 per cent in October compared to the same month last year, leading to negative monthly growth. However, domestic VAT and income tax collections grew by more than 5 per cent during the month, partly offsetting the shortfall.
October’s total revenue stood at Tk27,106 crore – Tk748 crore lower than the same month last year. From July to October, total revenue collection reached Tk1,18,111 crore.
During the four-month period, import–export duties contributed Tk34,303 crore, domestic VAT totalled Tk46,304 crore and income tax and travel tax combined reached Tk37,597 crore.
According to the NBR report, domestic VAT posted the highest growth at 23.5 per cent, followed by 15.05 per cent growth in income and travel tax, while import–export taxes grew by 3.19 per cent.
After missing its revenue target for 13 consecutive years, the NBR aims to stage a turnaround this fiscal year. The annual target has been set at Tk4,99,000 crore. With Tk1,18,111 crore collected in the first four months, the NBR must generate an additional Tk3,81,888 crore in the remaining eight months to meet the target.
In the 2024–25 fiscal year, total NBR revenue stood at Tk3,70,874 crore – falling Tk92,626 crore short of the revised target.
