ADDIS ABABA – Ministry of Revenues says it has collected 162.99 billion Birr in tax revenues in the first four months of the 2022/23 Ethiopian fiscal year.
The amount is 39.04 or 31.5% higher than the revenues obtained in the same months last year.
Despite the increase, tax officials who reviewed their four-month performance plan on Monday nearly missed their target for the period.
Overall, the newly appointed Minister of Revenues Aynalem Nigussie said the ministry has managed to achieve 97.88% of the target which was 166.5 billion birr.
Domestic taxes has continued to contribute to the government’s tax revenues.
More than 105.2 billion Birr have been collected from domestic taxes during the four-month period, said Aynalem.
The remaining 57.7 billion Birr was also obtained from export tax and customs duties.
The Ministry, responsible for the national tax administration, also doubled down on auditing.
“This has enabled us to save about 11.17 billion Birr from frauds trying to evade taxes,” said Fekadu Tadese, director of plan and project administration at the Ministry.
His office also collected 12.7 billion birr tax debt, achieving 114.5% of the initial plan set at 11.1 billion Birr.
Government plans to collect 450 billion Birr from tax and tax-related revenues during the 2022/23 fiscal year which started on July 8.
Featured Image Caption: Aynalem Nigussie whose appointment as Minister of Revenues was confirmed by the parliament on Tuesday, addressed the meeting that reviewed the four-month performance of her new office on November 21, 2022. (Photo MoR)
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