Revenue collection sees 14.36pc growth in July-Oct

The revenue collection by the National Board of Revenue (NBR) from income tax, customs and VAT during the July-October period of the current fiscal year (FY24) witnessed a 14.36 percent growth fetching Tk1,03,976 crore.

According to data from the NBR, the revenue collection from the customs during this four-month period totaled Tk32,668 crore, from VAT Tk40,048.62 crore and income tax and travel tax Tk31,259 crore. The revenue collection target during this July-October period were Tk1,23,185 crore.

The NBR data showed that, the revenue collection by NBR during the July-October period of the last fiscal year (FY23) from customs were Tk29,937 crore, from income tax Tk26,784 crore and revenue collection from VAT Tk 34,197 crore.

The NBR has set a revenue collection target of Tk4,30,000 crore in the current fiscal year.