Revenue collection
NBR misses revenue target for 12th year
The National Board of Revenue (NBR) has fallen short of its revenue collection target for the 12th consecutive year, with experts opining that the existing framework for tax collection is inadequate.
Govt plans to increase non-tax revenue
Bangladesh’s revenue collection is lower than its potential, hovering below the level of Nepal and India, which have similar economic development, according to the finance ministry.
Cut expenses since tax receipts won’t go up overnight
In Bangladesh, the tax-to-gross domestic product (GDP) ratio is not growing. Rather, the ratio is declining. Today, the country has one of the lowest tax-to-GDP ratios in the world.
Revenue collection accelerates in January
The pace of revenue collections quickened in January, driven by increased receipts from income tax as the deadline for filing personal income and wealth statements for the current fiscal year ended last month.
Revenue collection will face challenge amid political unrest: NBR chairman
The revenue collection will be very challenging if the political unrest is sustained in the coming months of this year, National Board of Revenue (NBR) Chairman Abu Hena Md Rahmatul Muneem said today.
Revenue growth slows as import dips
Revenue collection in Bangladesh grew 14.3 percent year-on-year in the first quarter of the current fiscal year although the pace was slower owing to a decline in imports, official figures showed yesterday.
Govt’s borrowing goes up amid falling revenue
The government’s dependence on borrowing to finance national budgets has increased over the past decade as revenue collection has failed to keep pace with the ballooning public expenditure.
Tax collection rebounds in May
Tax collection by the National Board of Revenue (NBR) shot up in May, powered by buoyancy in value added tax (VAT) collection from domestic economic activities and increased income tax receipts, according to a provisional estimate.
A budget divorced from reality
Self-contradictory is what best describes Finance Minister AHM Mustafa Kamal’s fifth budget, and the last of the Awami League-led government’s current term.
Can BTCL just hold off paying its dues randomly?
Newly disclosed CAG report says it dodged payment of over Tk 2,200 crore to the exchequer
Charting the middle-income journey
Bangladesh needs proper macroeconomic management to avoid middle income trap
Budget 2022-23: More tax for the rich
Bank accounts with upwards of Tk 1 crore in balance are set to face a higher excise duty next fiscal year as the government looks to collect more taxes from the relatively well-off to get close to the lofty revenue collection target.
Hopeless revenue target: No major tax hike planned
Wishy-washy -- is what best describes the government’s stance on scaling up its narrow revenue base, which is posing to become the Achilles’ heel to Bangladesh’s growth aspirations.
Revenue collection shortfall anticipated
It is hardly surprising that a premier think tank in the country has once again calculated that the government in all probability will miss its tax collection target.
