The National Board of Revenue (NBR) may miss the fiscal revenue collection target as about half of the revenue collection is yet to be done with only four months left of the current financial year.
Latest NBR data shows that the revenue board has collected Tk 1.76 trillion in eight months (July-February). It means that Tk 1.53 trillion of revenue collection still remains and the board is far from FY22 revenue collection target of Tk 3.30 trillion.
The official documents showed that the revenue board has to collect Tk 383.85 billion in each month in the remaining four months (March-June) which is quite impossible and not happened earlier, the NBR data shows.
The NBR has submitted a revised revenue collection plan with a target of Tk 3.05 trillion to reduce the gap between the target and achievement at the end of the fiscal year, reports UNB.
If the ministry of finance approves the revised revenue collection plan, the revenue board has to collect Tk 320 billion per month on an average in the remaining (March-June) period.
Despite 10.65 per cent growth in revenue collection so far, the NBR may fail to reach the top of the target.
The revenue collection has jumped to Tk 2.66 trillion in last FY21 in place of the target of Tk 3.30 trillion that later was revised to Tk 3.0 trillion.
The NBR collects revenue in the form of income tax, travel tax, customs duty; value added tax, supplementary duty (SD) and excise duty.