The revenue collection process of the Financial Year 2020-2021 is going on. Against the backdrop of prevailing uncongenial atmosphere in business due to COVID-19 pandemic from March of Financial Year 2019-2020, our revenue growth up to April, 2021 of the current Financial Year is 9.63 percent. Our tax-GDP ratio is comparatively low, the revenue income has sustained growth every year.Ģ28.

Although the main purpose of the NBR is to collect revenue, various types of tax exemption, reduction in rate or tax benefits have been given with respect to income tax, VAT and customs duty for the sake of industrialisation, employment generation, increase of business scope, protection of domestic industries, attraction of foreign investment and establishment of a just and equitable society. Almost 85 percent of the total revenues is collected by the NBR. There are mainly two sources of revenues: NBR revenue, non-NBR revenue. The target of internal revenue is set based on budget size.

As in every year, the major portion of the total budget expenditure will be mobilised from internal resources that will be collected by the National Board of Revenue (NBR). ** Biden, Putin trade warnings over Ukraine ** Hasan Foez Siddique sworn in as CJ ** Nation welcomes New Year 2022 ** Chicken prices jump on high demand ** Covid cases rise to 512: 2 more die ** 30 injured in Bhola pre-polls violence ** Cold wave likely next week ** 2021: Daily gas production falls, LNG import rises ** 45 reporters, staffers died at work in 2021 ** DSA amendment Keep civil society, media involved: TIB ** Omicron crashes global New Year party ** Oil prices slip after China cuts import quotas ** No Election Commission necessary for election robbery through using state machinery ** 93.58pc pass SSC, equivalent exams ** Hasan Foez Siddique new Chief Justice Oath on Friday ** Abhiyan-10 launch fire: Lax monitoring blamed ** Girls continue to lead boys ** Annual DC conference deferred ** DAP on Dhaka finalised ** Why 75pc TIN holders fail to submit return ** 31st night No outdoor celebration ** Steady rise in Covid deaths, cases in BD ** Cox's Bazar beach Dedicated zone for women walked back ** Urgent law enactment on EC ruled out **Ģ27. Headline ** Fireworks explode over Sydney Harbour during New Year's Eve celebrations in Sydney, Australia on Friday.

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