NBR records 16pc growth in earnings

The National Board of Revenue (NBR) has recorded 16 percent growth in revenue earnings in the July-January period of the current fiscal year, compared to the same period a year ago.
The tax administration collected Tk 31,125 crore against the Tk 31,135 crore target for this period, said AHM Mustafa Kamal, chairman of the parliamentary standing committee on the finance ministry, at a meeting of the committee yesterday.
Revenue from import grew to Tk 12,397 crore. But other taxes, including travel tax, have recorded 8.38 percent negative growth, according to statistics disclosed by NBR at an earlier press meet in Dhaka.
A total of 42,522 new taxpayers have come under the tax net in the last seven months. The board has launched a programme to net four lakh new taxpayers by June.
Kamal stressed the need to bring changes to tax laws to make them taxpayer- and industry-friendly.