- Revenue from large firms shrinks despite VAT hike
- 109 companies under LTU paid Tk31,578 crore in VAT from July-December FY25
- VAT collected from LTU fell by Tk402 crore YOY
- Cigarettes remain highest revenue-generating sector for NBR
- Total VAT revenue dropped by 5.45% to Tk55,177 crore in first half of FY25
- Revenue collection from three major cigarette companies fell by Tk771 crore
- Revenue collection from pharmaceutical and soap companies also decreased
- Bank, insurance, mobile, and beverage companies show positive signs with increased revenue
- NBR collected Tk156,419.49 crore in revenue from July-December FY25, a negative growth of 0.99%
- Tax hikes on bank balances, beverage products, mobile phone talk time, and internet usage contributed to VAT growth
- Despite tax increase on cigarettes, revenue from cigarette sales decreased by Tk771 crore in first half of FY25
Source: dhakatribune.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
