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, reports UNB.
According to NBR data, the authority collected Tk 271.74 billion in August against the target of Tk 308.89 billion, falling short by Tk 37.15 billion.
Despite the shortfall, revenue collection grew by 18 per cent compared to August 2024 when Tk 230.89 billion was collected, reflecting an increase of Tk 40.84 billion.
The Customs Wing, however, saw a decline in revenue, highlighting sluggish export-import activity.
Its collection was Tk 76.47 billion against a target of Tk 100.61 billion, down from Tk 80.07 billion in August 2024, marking a 4.5 per cent decrease.
The Value Added Tax (VAT) wing performed strongly, collecting Tk 110.85 billion against a target of Tk 106.60 billion, up from Tk 82.82 billion in the same month last year, a 33.83 per cent increase.
Income tax collection reached Tk 84.42 billion against a target of Tk 101.67 billion, up from Tk 67.98 billion in August 2024, showing a 24.17 per cent growth.
In a press release, the NBR said total revenue collection in July-August 2025 amounted to Tk 544.23 billion, up 21 per cent from Tk 450.05 billion in the same period of 2024.
The authority noted that a change in the economic code in the IBAIS++ system led to a significant amount of customs revenue being deposited in September, which contributed to the negative growth in August.
To sustain revenue growth, NBR said its dedicated staff are working to expand the tax net, ensure compliance, and detect tax evasion more effectively.
NBR officials expressed optimism that taxpayers will continue supporting national development by paying the right amount of tax on time.
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