Revenue Mobilization Program for Results: VAT Improvement Program (VIP)

Abstract*

The development objective of the Revenue Mobilization Program for Results : Value Added Tax (VAT) Improvement Program Project for Bangladesh is to improve revenue mobilization and transparency in the VAT administration. The project has four components. The first component, operational modernization of the VAT wing of national board of revenue (NBR) aims to enable the NBR to ensure a high level of voluntary compliance with the VAT system. This component... Show More

Development Objective

The PDO is to improve revenue mobilization and transparency in the VAT administration.

Key Details

Project Details

Project ID
P129770
Status
Closed
Team Leader
Winston Cole , Syed Ahsan
Borrower 2
People's Republic of Bangladesh

Country
Bangladesh
Disclosure Date
November 27, 2012
Approval Date
(as of board presentation)
May 9, 2014
Effective Date
January 11, 2015

Total Project Cost 1
US$ 60.00 million
Implementing Agency
National Board of Revenue
Region
South Asia
Fiscal Year 3
2014

Commitment Amount
US$ 60.00 million
Environmental Category
N/A
Environmental and Social Risk
Not Applicable
Closing Date
June 30, 2021

Consultant Services required
Yes
Last Stage Reached
BANK APPROVED
Last Update Date
December 1, 2021

Notes
1. Total project cost includes funding from World Bank and non-bank sources in US$ millions. Active and Closed projects show current commitments. Proposed (pipeline) and dropped projects show the forecast amount. The commitment amount for projects in the pipeline is indicative and may be modified during the project preparation.
2. Borrower refers to the Borrower of a Loan or Recipient of a Grant.
3. ”Fiscal Year” is the fiscal year in which the project was approved (or dropped if the status is dropped). The World Bank's fiscal year is from July 1 - June 30. For example, a fiscal year of 1996 corresponds to July 1, 1995 - June 30, 1996.

Sectors

Themes

FY17 - Economic Policy

FY17 - Fiscal Policy13%
- FY17 - Tax policy13%

FY17 - Private Sector Development

FY17 - Enterprise Development25%
- FY17 - MSME Development25%

FY17 - Public Sector Management

FY17 - Public Administration38%
- FY17 - E-Government, incl. e-services25%
- FY17 - Transparency, Accountability and Good Governance13%
FY17 - Public Finance Management26%
- FY17 - Domestic Revenue Administration13%
- FY17 - Public Expenditure Management13%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
IDA Credit	60.00

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	N/A
IDA Commitment	60.00
IBRD + IDA Commitment	60.00

Lending Instrument
Grant Amount	N/A
Total Project Cost**	60.00

Summary Status of World Bank Financing (US$ Millions) as of July 31, 2025

No data available.

Detailed Financial Activity as of July 31, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Oct 15, 2019	IDA-54260	Int Charges	120,851.99
Oct 15, 2019	IDA-54260	Int Charges	120,851.99
Jan 15, 2020	IDA-54260	Loan Disb	4,150,762.20
Apr 15, 2020	IDA-54260	Int Charges	323.38
Apr 15, 2020	IDA-54260	Int Charges	323.38
Apr 15, 2020	IDA-54260	Int Charges	139,907.73
Apr 15, 2020	IDA-54260	Int Charges	139,907.73
Mar 3, 2017	IDA-54260	Loan Disb	1,750,372.00
Apr 15, 2018	IDA-54260	Int Charges	418.70
Apr 15, 2018	IDA-54260	Int Charges	418.70
Apr 15, 2018	IDA-54260	Int Charges	77,846.41
Apr 15, 2018	IDA-54260	Int Charges	77,846.41
Dec 26, 2018	IDA-54260	Loan Disb	7,811,070.50
Oct 15, 2018	IDA-54260	Int Charges	224.40
Oct 15, 2018	IDA-54260	Int Charges	224.40
Oct 15, 2018	IDA-54260	Int Charges	73,819.68
Oct 15, 2018	IDA-54260	Int Charges	73,819.68
Oct 15, 2015	IDA-54260	Int Charges	37,248.72
Apr 15, 2016	IDA-54260	Int Charges	375.66
Apr 15, 2016	IDA-54260	Int Charges	375.66
Apr 15, 2016	IDA-54260	Int Charges	41,876.38
Apr 15, 2016	IDA-54260	Int Charges	41,876.38
Oct 15, 2016	IDA-54260	Int Charges	6.91
Oct 15, 2016	IDA-54260	Int Charges	6.91
Oct 15, 2016	IDA-54260	Int Charges	41,066.56
Oct 15, 2016	IDA-54260	Int Charges	41,066.56
Oct 27, 2016	IDA-54260	Loan Disb	6,907,824.50
Apr 15, 2017	IDA-54260	Int Charges	504.39
Apr 15, 2017	IDA-54260	Int Charges	504.39
Apr 15, 2017	IDA-54260	Int Charges	63,470.44
Apr 15, 2017	IDA-54260	Int Charges	63,470.44
Oct 15, 2017	IDA-54260	Int Charges	2,037.68
Oct 15, 2017	IDA-54260	Int Charges	2,037.68
Oct 15, 2017	IDA-54260	Int Charges	75,316.89
Oct 15, 2017	IDA-54260	Int Charges	75,316.89
May 5, 2015	IDA-54260	Loan Disb	11,083,044.00
Jan 11, 2015	IDA-54260	Loan Disb	32,969.31
Oct 15, 2015	IDA-54260	Int Charges	37,248.72
Apr 15, 2023	IDA-54260	Int Charges	4,750.93
Apr 15, 2023	IDA-54260	Int Charges	4,750.93
Apr 15, 2023	IDA-54260	Int Charges	140,015.19
Apr 15, 2023	IDA-54260	Int Charges	140,015.19
May 21, 2023	IDA-54260	Loan Disb	-2,751,583.50
Oct 15, 2023	IDA-54260	Int Charges	133,699.60
Oct 15, 2023	IDA-54260	Int Charges	1,801.48
Oct 15, 2023	IDA-54260	Int Charges	1,801.48
Oct 15, 2023	IDA-54260	Int Charges	133,699.60
Apr 15, 2024	IDA-54260	Int Charges	2,320.22
Apr 15, 2024	IDA-54260	Int Charges	2,320.22
Apr 15, 2024	IDA-54260	Int Charges	130,004.21
Apr 15, 2024	IDA-54260	Int Charges	130,004.21
May 9, 2014	IDA-54260	Loan Commitment	60,000,000.00
Apr 15, 2022	IDA-54260	Int Charges	916.85
Apr 15, 2022	IDA-54260	Int Charges	916.85
Apr 15, 2022	IDA-54260	Int Charges	146,990.56
Apr 15, 2022	IDA-54260	Int Charges	146,990.56
Oct 15, 2022	IDA-54260	Int Charges	3,728.01
Oct 15, 2022	IDA-54260	Int Charges	3,728.01
Oct 15, 2022	IDA-54260	Int Charges	134,448.10
Oct 15, 2022	IDA-54260	Int Charges	134,448.10
Oct 15, 2021	IDA-54260	Int Charges	1,316.90
Oct 15, 2021	IDA-54260	Int Charges	1,316.90
Oct 15, 2021	IDA-54260	Int Charges	151,513.55
Oct 15, 2021	IDA-54260	Int Charges	151,513.55
Oct 15, 2020	IDA-54260	Int Charges	152,499.95
Oct 15, 2020	IDA-54260	Int Charges	152,499.95
Oct 15, 2020	IDA-54260	Int Charges	92.36
Oct 15, 2020	IDA-54260	Int Charges	92.36
Nov 17, 2020	IDA-54260	Loan Cancel	14,160,069.00
Apr 15, 2021	IDA-54260	Int Charges	201.58
Apr 15, 2021	IDA-54260	Int Charges	201.58
Apr 15, 2021	IDA-54260	Int Charges	154,640.31
Apr 15, 2021	IDA-54260	Int Charges	154,640.31
Apr 15, 2019	IDA-54260	Int Charges	91,940.03
Apr 15, 2019	IDA-54260	Int Charges	91,940.03
Jun 26, 2019	IDA-54260	Loan Disb	2,075,033.00
Jun 26, 2019	IDA-54260	Loan Disb	6,204,109.00
Apr 15, 2019	IDA-54260	Int Charges	770.41
Apr 15, 2019	IDA-54260	Int Charges	770.41
Oct 15, 2019	IDA-54260	Int Charges	259.68
Oct 15, 2019	IDA-54260	Int Charges	259.68

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Progress towards achievement of PDO	Moderately Satisfactory	2021-07-17
Monitoring and Evaluation	Moderately Satisfactory	2021-07-17
Overall Implementation Progress (IP)	Moderately Satisfactory	2021-07-17

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 12-21-2021
Outcomes	Moderately Satisfactory
Risk to Development Outcome
Bank Performance	Substantial
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 06-06-2022	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Moderately Unsatisfactory	N/a
Risk To Development Outcome		N/a
Bank Performance	Moderately Satisfactory	N/a
Borrower Performance		N/a
Government Performance	Not Rated	N/a
Implementing Agency		N/a
Icr Quality	Negligible	N/a
M&e Quality	Modest	N/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Increase in VAT revenues Value 686800000.00 810000000.00 0.00
Date June 30, 2017 May 31, 2021
Comment
Greater transparency of the tax administration Value Baseline Non-existent The website provides information on e-services, re
Date June 30, 2013 June 9, 2021
Comment

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

IR Indicator 1.1: VAT Implementation Plan on Track Value VAT Implementation Plan endorsed by Minister of Fi Thirteen out of the sixteen IVAS modules implement
Date July 1, 2013 June 9, 2021
Comment
IR Indicator 2.1: Fiduciary Action Value At least 50% of the Program’s competitive bidding 75% of NCB contracts are done through E-GP (it is
Date June 30, 2015 June 9, 2021
Comment
IR Indicator 1.2: Number active VAT Taxpayers (in 000) Value 80000.00 184710.00 0.00
Date July 1, 2016 May 31, 2021
Comment
IR Indicator 2.2: Greater taxpayer satisfaction with services Value 0.00 72.00 0.00
Date June 30, 2014 December 20, 2020
Comment
IR Indicator 1.3: Percentage of large taxpayers submitting on-line returns and VAR payments Value 0.00 60.91 60.00
Date July 1, 2016 April 30, 2021 January 14, 2021
Comment
IR Indicator 1.4: Value of VAT e-payments Value 0.00 2558960449.00 0.00
Date June 29, 2018 May 31, 2021
Comment
IR Indicator 1.5: Number of VAT stop filers Value 99999.00 0.00 0.00
Date June 29, 2018 June 9, 2021
Comment
IR Indicator 1.6: Average time to process and issue tax refunds Value 120.00 90.00 0.00
Date June 29, 2018 June 9, 2021
Comment
IR Indicator 1.7: Percent of audits per year resulting in additional tax assessments Value 20.00 0.00 0.00
Date December 23, 2018 June 30, 2021
Comment

Increase in VAT revenues	Value	686800000.00	810000000.00	0.00
	Date	June 30, 2017	May 31, 2021
	Comment

Greater transparency of the tax administration	Value	Baseline Non-existent	The website provides information on e-services, re
	Date	June 30, 2013	June 9, 2021
	Comment

IR Indicator 1.1: VAT Implementation Plan on Track	Value	VAT Implementation Plan endorsed by Minister of Fi	Thirteen out of the sixteen IVAS modules implement
	Date	July 1, 2013	June 9, 2021
	Comment

IR Indicator 2.1: Fiduciary Action	Value	At least 50% of the Program’s competitive bidding	75% of NCB contracts are done through E-GP (it is
	Date	June 30, 2015	June 9, 2021
	Comment

IR Indicator 1.2: Number active VAT Taxpayers (in 000)	Value	80000.00	184710.00	0.00
	Date	July 1, 2016	May 31, 2021
	Comment

IR Indicator 1.5: Number of VAT stop filers	Value	99999.00	0.00	0.00
	Date	June 29, 2018	June 9, 2021
	Comment

IR Indicator 1.6: Average time to process and issue tax refunds	Value	120.00	90.00	0.00
	Date	June 29, 2018	June 9, 2021
	Comment

IR Indicator 1.7: Percent of audits per year resulting in additional tax assessments	Value	20.00	0.00	0.00
	Date	December 23, 2018	June 30, 2021
	Comment

IR Indicator 1.3: Percentage of large taxpayers submitting on-line returns and VAR payments	Value	0.00	60.91	60.00
	Date	July 1, 2016	April 30, 2021	January 14, 2021
	Comment