Dhaka, July 1 -- Taxmen in their last-minute efforts managed to mobilise around Tk 4.20 trillion for the just-concluded fiscal year, shortening an anticipated large gap to Tk 800 billion against the revised budgetary target, officials say.

Economists had projected the revenue gap could exceed Tk 1.0 trillion in the fiscal year 2025-26 because of sluggish economic activity. But tax officials say they could contain the shortfall through "intensified enforcement, improved planning and stronger compliance measures".

The National Board of Revenue (NBR) taskforces on income tax, value-added tax (VAT) and customs met Wednesday with Finance Adviser Dr Rashed Al Titumir to formulate a medium-term strategy for achieving yet higher revenue target ...