Revenue collection posts 13.06pc growth in July-Nov

The revenue collection by the National Board of Revenue (NBR) witnessed a healthy growth of 13.06 per cent in the first five months (July-November) of the current fiscal year (FY23) fetching Tk 1.15 trillion.

The revenue collection by the revenue board during the July-November period of the last fiscal year (FY22) was Tk 1.02 trillion.

According to NBR, the revenue collection during this five-month period from customs totalled Tk 380.6 billion, from VAT Tk 0.44 trillion and from income tax and travel tax Tk 0.33 trillion, reports BSS.

The NBR data also showed that revenue collection from customs increased by 12.54 per cent during this July-November period as the revenue collection from such sector was Tk 0.33 trillion in July-November last year.

Besides, the revenue collection from VAT in this July-November enjoyed a 16.18 per cent growth as Tk 0.38 trillion were collected from VAT in July-November last year.

Meanwhile, the revenue collection from income tax witnessed a growth of 9.74 per cent in this July-November period as the collection from such sector during the same period of the last fiscal year was Tk 0.30 trillion.

The NBR earlier set a target of realising Tk 3.70 trillion as revenue in the current fiscal year (FY23).