DHAKA, The government has set a Taka 3,25,660 crore revenue target for the National Board of Revenue (NBR) in the proposed national budget of Taka 5,23,190 crore for fiscal 201920.
To this end, the new VAT law would be effective from July 1 along with some other measures.
Depending on planned tax management steps, total revenue collection has been estimated to be Taka 3,77,810 crore in the fiscal 201920.
Out of this, Taka 3,25,660 crore will be collected through the National Board of Revenue. Tax revenue from nonNBR sources has been estimated at Taka 14,500 crore. Besides, the estimated nontax revenue is Taka 37,710 crore.
Source: Bangladesh Sangbad Sangstha (BSS)