The revenue collection by the National Board of Revenue (NBR) from VAT witnessed a 17 percent growth in the last fiscal year (FY23) fetching Taka 1,25,424 crore.
The revenue collection from VAT by the revenue board in the previous fiscal year (FY22) was Taka 1,08,420 crore. In that consideration, the revenue collection from VAT in the FY23 was Taka 17,004 crore higher than the previous FY22.
According to a press release of the NBR, the VAT Commissionerates of Chattogram, Khulna and Dhaka South attained higher growth in revenue collection in the last fiscal year out of its 12 VAT Commissionerates witnessing 38.71 percent, 24.71 percent and 19.89 percent growth respectively.
The NBR data revealed that the LTU VAT Commissionerate collected the highest amount of Taka 58,566 crore as VAT in the last fiscal which was Taka 6,133 crore or 11.70 percent higher than the previous fiscal year.