Dhaka, April 17 -- The National Board of Revenue (NBR) has projected to collect an additional Tk 94 billion in value-added tax (VAT) in the upcoming fiscal year 2024-25, according to official documents.

This increase is expected to come from three main sources: the highest by phasing out exemptions, restructuring cigarette taxation and installing electronic fiscal and sales devices.

A VAT collection action plan prepared by the VAT wing of the NBR estimates the highest contribution of Tk 50 billion will come from scrapping full and partial exemptions currently enjoyed by businesses.

The Financial Express has obtained a copy of that plan.

The paper, to be presented to an upcoming International Monetary Fund (IMF) mission later this mont...