NBR’s revenue receipt may fall Tk 38,900cr short of FY18 target: UO

Staff Correspondent | Published: 23:03, Dec 09,2017 | Updated: 23:17, Dec 09,2017

 
 

The Unnayan Onneshan, a local think tank, on Saturday said that the revenue collection by the National Board of Revenue might fall Tk 38,900 crore short of target at the end of the current fiscal year 2017-2018.
The research organisation made the forecast in its monthly publication of Bangladesh Economic Update November, released on the day.
The government set a revenue collection target for NBR at Tk 2,48,190 crore for the entire fiscal year.
NBR faced a shortfall of Tk 6,591 crore in revenue collection from its target for the first four months of the year, it said.
The tax authority collected Tk 58,897.49 crore in income tax, value-added tax and customs duty in July-October of the year against the target of Tk 65,458.58 crore for the period.
The UO said that it made the forecast of annual shortfall based on the recent and historical trends in revenue collection.
In the report, the organisation urged the government for increasing strength and effectiveness of the tax administration, broadening the tax base and ensuring necessary services to the citizens in returns for their tax payment.
In addition, the tax administration should be insulated from political influences and provided with more political independence, it said.

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