Dhaka, April 10 -- The government has provided Tk 1.07 trillion in direct tax relief in the 2022-23 fiscal year, nearly matching the amount collected from personal income tax and corporate tax.

The tax exemptions accounted for 99 percent of the total revenue collected from these sources during the fiscal year, according to a National Board of Revenue (NBR) report released on Thursday.

In 2022-23, the NBR collected Tk 1.08 trillion in direct taxes.

As a share of gross domestic product, the tax relief stood at 2.39 percent.

Without these exemptions, the tax-to-GDP ratio would have been higher by the same margin.

The report shows Tk 739.89 billion in relief was granted in corporate tax, accounting for 69 percent of total direct tax exem...