The National Board of Revenue (NBR) has decided to launch a door-to-door campaign aimed at improving Value Added Tax (VAT) collection, as the revenue inflow from this sector looks to be "unsatisfactory".
According to data provided by the NBR, VAT collection up until October stood at Tk 41,192 crore, falling short of the target of Tk 51,904 crore.
While briefing reporters recently, NBR Chairman Md Abdur Rahman Khan revealed that VAT collection reached Tk 45,831 crore by November and he was not happy with that.
As part of its efforts, the Awami League government has set an ambitious VAT collection target of Tk 1,59,100 crore for the 2024-25 fiscal year.
According to NBR high officials, the NBR chief has already directed the field-level officials to work utmost sincerity and integrity to improve the VAT collection, which is now the biggest source of revenue collection for the country. —UNB
