<div><span style="font-size: 1rem;"><b>The National Board of Revenue (NBR) ended the fiscal year 2022-23 with a revenue shortfall of Tk 44000 crore, despite revenue generation growth by 8.12 percent compared to the previous financial year.</b></span><br></div><div><br></div><div>However, the final calculation of value added tax (VAT) is yet to come. July 15 is the last day to submit VAT returns. At the end of that time, a large amount of money will accumulate, and NBR officials believe that the deficit will decrease somewhat.</div><div><br></div><div>In FY 2022-23, the revenue collection target was Tk 3.70 lakh crore. According to NBR's provisional account, Tk 3.25 lakh crore revenue has been collected. There is a shortfall in revenue collection target of around Tk 44000 crore.</div><div><br></div><div>According to the NBR, around Tk 91717 crore revenue has been collected against the target of Tk 1.11 lakh crore from the import-export, i.e. customs, sector. At the lowest growth of 2.56 percent, the deficit is about Tk 19283 crore.</div><div><br></div><div>On the other hand, despite the maximum growth of 11.5 percent in the VAT sector, against the target of Tk 1.37 lakh crore, Tk 1.20 lakh crore have been collected.</div><div><br></div><div>The target of revenue collection from the income tax sector was Tk 1.22 lakh crore. Tk 1.12 lakh crore has been collected. The income tax sector saw a growth of 9.62 percent.</div><div><br></div><div>In the last financial year FY22, the revenue deficit was Tk 28000 crore. A revenue of Tk 3.852 lakh crore was collected in that year.</div><div><br></div><div>A senior NBR official told UNB that 87.91 percent of the revenue collection target has been achieved against the targets in three categories of NBR in FY23.</div><div><br></div><div>In the current fiscal year 2023-24, the revenue collection target has been set at Tk 4.30 lakh crore. According to UNB reports&nbsp;</div><div><br></div><div>bnbd24/fas</div>