In March, the ninth month of the 2024-25 fiscal year, the National Board of Revenue (NBR) set a revenue collection target of BDT 42,093.43 crore. However, the actual collection was BDT 34,669.75 crore.
As a result, the total revenue collected in the first nine months (July to March) of the fiscal year amounted to BDT 2,56,486.84 crore.
This is significantly lower than the revised target for the period, which was BDT 3,22,152.64 crore. Accordingly, the NBR achieved 79.62% of the target in the first nine months, leading to a shortfall of 20.38%.
Despite the shortfall compared to the target, the NBR did record year-on-year growth in revenue collection. In March alone, revenue collection grew by 9.64% compared to the same month in the previous fiscal year.
For the July–March period, revenue collection grew by 2.76% compared to the same period in FY2023–24. In the previous fiscal year, the NBR achieved 92.23% of the target in the first nine months, collecting BDT 2,59,866 crore against a target of BDT 2,81,745 crore.
Collection rates by segment were: Customs – 89.11%, VAT – 95.86%, and Income Tax – 90.95%.
In FY2024–25 so far, the NBR has achieved 79.62% of its target. Segment-wise collection rates are: Customs – 81.84%, VAT – 83.60%, and Income Tax – 74.50%.
The revised revenue collection target for the current fiscal year was set at BDT 4,63,500 crore. Until March, the target was BDT 3,22,152.64 crore, against which BDT 2,56,486.84 crore has been collected—reflecting a 79.62% achievement.
This also means the total collection is 44.66% behind the full-year revised target. For comparison, revenue collection in the same period last year was BDT 2,49,592.31 crore, showing a growth of 2.76%.
Temporary data for March shows that the largest contributors to the shortfall were income and travel taxes, VAT, and duties on imports and exports. The income and travel tax segment saw the most significant shortfall.
The revised target for this segment in the first nine months was BDT 1,16,676.20 crore, but actual collection stood at BDT 86,920.84 crore—achieving only 74.50% of the target and falling short by 49.32%.
However, this segment still recorded a growth of 5.67% compared to the previous year. In March alone, the collection was BDT 13,766.16 crore against a target of BDT 17,374.85 crore. The total revised target for income and travel taxes is BDT 1,71,495 crore.
For local VAT, the revised target for the nine-month period was BDT 1,14,749.16 crore, but actual collection was BDT 95,311 crore—achieving 83.60% of the target and falling short by 44.42%. Still, this reflects a 2.9% growth over the same period last year.
In March, however, VAT growth was only 1.18%, with BDT 11,088 crore collected against a target of BDT 13,770.16 crore. The total revised target for local VAT is also BDT 1,71,495 crore.
