In its bid to boost the national revenue, the interim government has set a target to collect Tk 6,15,500 crore and Tk 6,95,100 crore respectively for the next two fiscal.
In the next 2025-26 fiscal an amount of Tk 5,53, 300 crore will come from National Board of Revenue (NBR) which is 15.2 per cent higher than the previous year.
Officials familiar with the plan said this week another Tk 62500 crore will come from other sources which is 5.5 percent higher than the previous year.
In the 2026-27 fiscal, Tk 6,31,100 crore, which is 14.1 per cent higher, will be collected from NBR while Tk 64000 crore, which is 5.3 per cent higher, will come from other sources.
The revenue target for the running 2024-25 fiscal is Tk 5,41,000 crore. Of which, Tk. 4,80,000 is supposed to come through the National Board of Revenue, and Tk. 61,000 crore from other sources.
The government has undertaken various reform measures to achieve its fiscal targets in the medium term (2026-27 fiscal), according to an official document of the finance ministry.
The revenue is expected to grow around 13 per cent in the next three years, including the running one, to reach Tk 695,000 in FY27.
The NBR tax is estimated to grow by as high as 28.2 per cent in FY24, which is then projected to grow by 17.1 per cent in FY25, 15.2 per cent in FY26, and finally 14.1 per cent in FY27.
As per the document, the government is planning to bring in appropriate changes and reforms in tax policy and administration to make them both effective and simple in the medium term.
Several initiatives are underway to make tax administration taxpayer-friendly and transparent by expanding the scope of digitalisation and automation in tax registration, return submission, and tax payment. —UNB
