Saturday, 18th May, 2024
Saturday, 18th May, 2024

Revenue collection witnesses 4.10pc growth in 1st half of FY21

The revenue collection witnessed a 4.10
percent growth during the first half (July-December) period of the current
fiscal year (FY21) compared to the corresponding period of the last fiscal
year (FY20).

“The revenue collection totaled Taka 1,10,434 crore during the first half
(July-December) period of the current fiscal year (FY21),” said the National
Board of Revenue (NBR) Chairman Abu Hena Md Rahmatul Muneem.

The NBR Chairman said this while addressing a press conference at the NBR
building in the city’s Segunbagicha area today ahead of the International
Customs Day 2021 billed for tomorrow.

He informed that the revenue collection witnessed a deficit of Taka 30,791
crore in the first six months of the current fiscal as the revenue collection
totaled Taka 1,10,434 crore against the target of Taka 1,41,225 crore.

In contrast, the NBR Chairman said the revenue collection totaled Taka
1,06,088 crore during the first half of the last fiscal year (FY20) against
the target of Taka 1,10,424 crore.

He mentioned that the concerned officials and employees of the three
departments of the revenue board — income tax, customs, and VAT — have been
working tirelessly during this COVID-19 period for which it has been possible
to collect such an amount of revenues.

“There was a normal environment in the last fiscal year (FY20). But, the
situation is different this time. And the COVID-19 vaccines have started to
arrive and people will soon be vaccinated. Hopefully we’ll come again to the
normal life and we’ll be able to attain the target which has been set,” he
added.

The NBR Chairman informed that the International Customs Day will be
observed tomorrow in a limited scale due to the COVID-19 pandemic for which
the usual rally has been suspended.

However, a seminar highlighting the importance of International Customs
Day will be held tomorrow at the NBR where Finance Minister AHM Mustafa Kamal
will remain present as the chief guest through digital platform while FBCCI
President Sheikh Fazle Fahim will remain present as special guest.

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