NBR falls short in revenue collection in Q1 of FY25

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

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