The National Board of Revenue (NBR) reached 76 per cent of its Tk 330,00 crore revenue generation target in the 11 months of 2021-22, meaning it is going to miss the full fiscal-year collection goal once again.
As of May of 2021-22, taxmen collected Tk 252,920 crore, posting 15 per cent year-on-year growth, provisional data released yesterday by the revenue administration showed.
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The tax generation growth dropped substantially in May compared to a year ago, widening the gap between the target and the collection.
The NBR will have to generate Tk 77,000 crore in June to hit the target, a task that analysts have termed nearly impossible to attain even though collection usually goes up in the last month of a fiscal year.
Between July and May, the collection from customs tariff grew 18 per cent year-on-year to Tk 80,487 crore.
The value-added tax collected from local trade and economic activities also slowed as the revenue authority logged a 10 per cent higher collection at Tk 95,146 crore in the 11-month period.
Income tax receipts, however, rose 18 per cent to Tk 65,706 crore, according to the NBR.
