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NBR: Revenue collection witnesses a 19% growth in FY18

  • Published at 10:06 pm July 5th, 2018
The National Board of Revenue (NBR) office in Dhaka Mehedi Hasan
The National Board of Revenue (NBR) office in Dhaka Mehedi Hasan/Dhaka Tribune

NBR collected Taka 1.85 lakh crore in revenue in FY17

National Board of Revenue (NBR) Chairman Md Mosharraf Hossain Bhuiyan said revenue collected witnessed a 19% growth in the fiscal year 2017-18 (FY18) compared to that of the fiscal year 2016-17 (FY17).

“We will release the final figure of the revenue collection in FY18 after calculating the amounts deposited in the treasury. As per a rough estimation the revenue collection rose by 19% in FY18,” he said while speaking at the opening ceremony of a workshop.

NBR collected Taka 1.85 lakh crore in revenue in FY17.

Bangladesh Tax Training Institute (BTTI) organized the two-day workshop on revenue policy with its Chief Adviser Shayamol Kanti Ghoshe in the chair. ADR facilitator Syed Aminul Karim, NBR (VAT) member Sultan Md Iqbal, member (income tax) Zia Uddin Mahmud and member (customs policy) Firoz Shah Alam attended the opening session.

The NBR chairman said local industries have been given protection in the current budget (FY19) to increase productivity.

He said the NBR has a plan to reform revenue policy. NBR will take conscious steps to reform the revenue policy as it is the election year and the last year of the present government, he added.

“We are in favour of taking up long-term revenue policy because quick shift in such policy affects foreign investments,” he added.