The National Board of Revenue has witnessed 14.74% growth in revenue collection in the first two months of the current fiscal year, mainly due to an increase in VAT and income tax collection.
Sources at the National Board of Revenue said they collected Tk46,233 crore revenue in July and August of FY24. The amount was higher than the revenue collected in the same period of FY23, but it was around Tk4,087 crores less than the target for that period in this fiscal year
Source: www.tbsnews.net
Latest Posts in "Bangladesh"
- Bangladesh Exempts VAT on Large Vessel Imports to Boost Trade and Employment Opportunities
- Government Grants VAT Exemption on Import of Large Sea-Going Vessels
- NBR Halts Manual VAT Audits to Prevent Corruption, Plans Automated System Implementation
- Understanding Tax Refund Limitations: Legal and Erroneous Payment Criteria Under the Tax Code
- Bangladesh Loses Tk 1.88 Trillion to VAT Evasion and Exemptions in FY23, Study Reveals
