The National Board of Revenue (NBR) has set a target to raise Bangladesh’s tax-to-GDP ratio to 10.5 percent by the fiscal year 2034-35, as part of its newly formulated 10-year revenue strategy, according to official documents.

Riding mainly on monthly growth in December and January, revenue collection in the first seven months of fiscal year (FY) 2024-25 returned to positive territory.

In Bangladesh, the tax-to-gross domestic product (GDP) ratio is not growing. Rather, the ratio is declining. Today, the country has one of the lowest tax-to-GDP ratios in the world.