Written by The Banking Post
The National Board of Revenue (NBR) fell short of its August collection target, marking the second consecutive month of missed goals in the current fiscal year.
NBR collected Tk 27,174 crore in August against a target of Tk 30,889 crore, leaving a shortfall of Tk 3,715 crore. Despite this, revenue grew 18 per cent year-on-year, up from Tk 23,089 crore collected in August 2024.
The Customs Wing underperformed, bringing in Tk 7,647 crore against a target of Tk 10,061 crore. Collections also slipped 4.5 per cent compared to the same month last year, reflecting sluggish trade activity.
In contrast, VAT performed strongly, collecting Tk 11,085 crore against a target of Tk 10,660 crore — a 34 per cent jump from a year earlier. Income tax brought in Tk 8,442 crore, short of its Tk 10,168 crore target, but still up 24 per cent from last year’s Tk 6,799 crore.
Overall revenue for July–August 2025 stood at Tk 54,423 crore, up 21 per cent year-on-year.
According to NBR, a change in the economic code under the IBAIS++ system caused part of customs revenue to be deposited in September instead of August, contributing to the apparent decline.
The authority said it is working to expand the tax net, strengthen compliance, and curb evasion. Officials expressed optimism that taxpayers would continue to support national development by paying dues on time.
