Ministry Collects Nearly 54 Billion Birr in Tax Revenues

ADDIS ABABA – Ethiopia’s Ministry of Revenues tax collections in October totaled about 53.9 billion birr, showing a 21.82% growth as compared to the same month last year.

The Ministry, which amassed over 70 billion Birr revenues from the first quarter in total, had targeted to rack up 56.6 billion birr from tax collections in the fourth month of the 2021/22 Fiscal Year which started on July 8.

It has collected a little more than 53.9 billion birr revenue, attaining 95.26 percent of the target, said Lake Ayalew Minister of Revenues on Wednesday.

The total figure is a couple of billion birr short of tax officials’ target for the month October.

The amount, however, has jumped by close to 9.66 billion birr or  21.83  percent as compared with the corresponding period last year.

Lake said the ministry collected 42 billion birr of the total revenue from domestic taxes. Customs duties generated the remaining 11.84 billion birr tax revenues.

During the 30-day period, the Ministry conducted its tax collection activities in all but four its branches in the parts of Northern Ethiopia which is affected by ongoing conflict in the Northern part of the country.

“Despite that and Covid-induced restrictive working environment, the amount of tax collected shows the overall performance of tax collection could be considered better than the expectations,” the Minister said.

He attributed the initiative by many taxpayers to pay their taxes on time and the determination of the workers at the ministry and Customs Commission to do their parts with patriotism for the performance registered last month.

Source: Link to the Post

Leave a Reply