NBR misses revenue collection target for August

The National Board of Revenue (NBR) missed its revenue collection target for August, the second month of the current fiscal year, continuing the shortfall trend seen in July. According to NBR data, the authority collected Tk 27,174 crore in August against the target of Tk 30,889.30 crore, falling short by Tk 3,715.3 crore. Despite the shortfall, revenue collection grew by 18% compared to August 2024 when Tk 23,089.37 crore was collected, reflecting an increase of Tk 4,084.5 crore. The Customs Wing, however, saw a decline in revenue, highlighting sluggish export-import activity. Its collection was Tk 7,647 crore against a target of Tk 10,061.35 crore, down from Tk 8,007.49 crore in August 2024, marking a 4.5% decrease. The Value Added Tax...