NBR unearths Tk 18.74bn in tax evasion as 183 individuals, firms under probe

Over 100 bank accounts have been frozen in widening revenue crackdown

The National Board of Revenue (NBR) has uncovered Tk 18.74 billion in tax evasion involving 183 individuals and organisations, following investigations conducted over the past seven months.

In a statement issued on Monday, the NBR said its Income Tax Intelligence and Investigation Unit, which became fully operational only seven months ago, carried out the inquiries that led to these findings.

Out of the total, Tk 1.17 billion has already been recovered from 63 individuals and firms identified during the probe, according to the NBR.

Based on specific evidence of tax evasion, authorities have frozen the bank accounts of more than 100 people and entities. The intelligence and investigation unit has also launched initiatives to encourage voluntary compliance among taxpayers.

“The Income Tax Intelligence and Investigation Unit is fully committed to taking appropriate legal action against any form of tax evasion or the accumulation of anonymous assets,” the statement said.

The NBR has intensified its enforcement efforts as part of a broader strategy to expand the country’s tax base and enhance revenue collection amid increasing fiscal pressures.