Companies boost Rwanda’s coffers

BY KABONA ESIARA of The New Times

"A growing sense of ‘paying tax is my obligation’ among the country’s companies combined with healthy corporate profits and high consumption rates boosted the country’s revenue receipts for January and February.

Preliminary figures provided by Rwanda Revenue Authority (RRA) put revenue for the two months at more than Frw43.2 billion, above the 39.2 billion, and about Frw4 billion more than the original target. Last year during the same period, the tax body only managed to collect Frw33.2 billion.

“As the economy grows the consumption rates increase,” Annette Birungi RRA’s publicist said, explaining why VAT collections were more."

Complete story at "Companies boost Rwanda’s coffers"

Category: Rwanda + Taxation