The National Board of Revenue (NBR) has continued to fall behind in collecting revenue, according to figures for the first four months of the current FY24-25 made available on Wednesday. The revenue collection saw a shortfall of Tk 30,767 crore at the end of October while the target was to earn
Tag: revenue collection
Govt explores avenues to boost revenue collection
Bangladesh has significant potential for mobilising revenue collection, as highlighted by a recent official assessment on revenue buoyancy, a measure reflecting how tax revenues respond to economic growth. Revenue buoyancy, the responsiveness of revenues to gross domestic product (GDP), is a critical metric for gauging the performance of a revenue system
Govt initiatives aim to simplify tax system, enhance revenue collection
In a strategic push to revamp its tax policy and administration, the Bangladesh government has outlined plans for significant reforms aimed at making the system more effective and taxpayer-friendly in the medium term (2023-24 to 2025-26). According to the Medium Term Macroeconomic Policy Statement (2023-24 to 2025-26) by the Finance
IBBPLC receives award for revenue collection
Large Taxpayers Unit of National Board of Revenue awarded Islami Bank Bangladesh (IBB) PLC for its outstanding contribution to revenue collection in the fiscal year 2022-23. Syed Mohammad Abu Daud, Member, National Board of Revenue handed over the crest and certificate to Md. Altaf Hossain, Additional Managing Director of Islami