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The Financial Express

Revenue collection posts 15pc growth in July 

| Updated: August 25, 2022 08:41:03


- Representational image - Representational image

The revenue collection by the National Board of Revenue (NBR) witnessed a healthy growth of 15 per cent in the first month (July) of the current fiscal year (FY23) fetching Tk 175.20 billion. 

The revenue collection by the revenue board in July last year was Tk 153.44 billion. 

According to NBR, the revenue collection during this one-month period from customs totalled Tk 67.66 billion, from VAT Tk 60.21 billion, and from income tax and travel tax Tk 47.32 billion. 

The NBR data also showed that revenue collection from customs increased by 37.68 per cent in July as the revenue collection from the such sector was Tk 49.14 billion in July last year, reports BSS.  

Besides, the revenue collection from VAT in this July enjoyed a 10 per cent growth as Tk 57.97 billion were collected from VAT in July last year. However, there was no growth from income tax in this July.  

The NBR earlier set a target of realizing Tk 3.7 trillion as revenue in the current fiscal year (FY23) while the revenue collection target in this July was Tk 0.20 trillion. 

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