The National Board of Revenue (NBR) has increased the revenue target for FY26 by Tk53,000 crore.
The new target was approved in a notification issued on Monday (November 24).
The notification said that at the beginning of the financial year, the NBR had set a revenue collection target of Tk499,000 crore.
As a result of the new adjustment, the NBR will now have to collect Tk554,000 crore in the remaining seven months.
The updated statistics of the NBR say that the total revenue collection in the first four months of the current financial year was Tk119,478 crore.
The target for this period was Tk136,697 crore. That is, the deficit from the target stood at Tk17,219 crore, which is 12.60% lower.
The revenue growth in the same period of the last financial year was 15.54%.
Although growth is at a positive level this year, the growing gap with the target has put additional pressure on the NBR, according to those concerned.
Several officials of the revenue administration said that special initiatives are now needed to slow down economic activity, reduce import duties and increase taxpayer compliance.
In the remaining period, strict monitoring of tax management, collection of arrears of taxes and policy-supportive measures may be required to achieve the new target.
