Finance adviser 'more or less satisfied' over revenue collection
The finance adviser said that in the 2025-26 fiscal year, the government is trying to change the system of tax collection to enhance revenue collection
Finance Adviser Salehuddin Ahmed on Tuesday (8 July) said he is "more or less satisfied" with the revenue collection performance of the National Board of Revenue (NBR) for the fiscal year 2024–25.
"The collection this time is moderate, the gap is not that huge," he said while briefing reporters after the Cabinet Committee on Government Purchase (CCGP) meeting held at the secretariat.
On Monday (7 July), NBR chairman Md Abdur Rahman Khan told reporters that the provisional collection of the NBR for 2024-25 fiscal is Tk 3,68,177 crore and it would increase slightly in the final calculation. He made the remarks while visiting Dhaka Customs House.
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The NBR had a revised revenue collection target of Tk 4,63,500 crore for the 2024-25 fiscal year while it was Tk 4,80,000 crore in the original budget.
The finance adviser said that in the running 2025-26 fiscal, the government is trying to change the system of the tax collection to enhance revenue collection.
"There will be no leakage, no problem for the businessmen," he said.
He also said that this time the government would not put stress on the collection of tax and VAT rather it will bring changes in the total system.
Salehuddin said that the potential of tax collection is huge in Bangladesh as the potential tax base of the country is wide enough. "We failed to utilise it. That resulted in problems in the revenue collection," he clarified.
The national budget for FY2025–26 set the revenue collection target at Tk5.64 lakh crore which is equivalent to 9% of the country's Gross Domestic Product (GDP).
Of the total estimated revenue income of Tk5.64 lakh crore, Tk4.99 lakh crore is expected to be collected through the NBR, while the remaining Tk65,000 crore is projected to come from other sources.
Of the total amount from NBR's side, the Taxes on Income, Profits and Capital Gains will be Tk 1,82,001 crore, Value Added Tax will be Tk 1,88,518 crore, Supplementary Tax will be Tk 68,244 crore, Import Duty will be Tk 51,438, Export Duty will be Tk 78 crore, Excise Duty will be Tk 6,091 crore and Tk 2,630 will be come from the Other Taxes segment.
