Revenue collection witnesses 15.23% growth in July-March

The revenue collection by the National Board of Revenue (NBR) from income tax, customs and VAT during the July-March period of the current fiscal year (FY24) witnessed a 15.23 percent growth fetching Tk 2,59,866 crore.

The revenue collection by the revenue board during the July-March period of the last fiscal year (FY23) was Tk 2,25,513 crore, reports BSS.

According to data from the NBR, the revenue collection from the customs during this nine-month period totaled Tk 74,262.72 crore, from VAT Taka 1,00702.39 crore and income tax and travel tax Tk 84,901 crore.

The NBR data showed that the revenue collection by NBR during the July-March period of the last fiscal year (FY23) from customs was Tk 67,380.34 crore, from income tax Tk 71,227 crore and revenue collection from VAT Tk 86,905.53 crore.

The NBR has set a revenue collection target of Tk 4,10,000 crore in the current fiscal year.