Time for business operators to reciprocate

Yesterday we reported that most of our local enterprises have not complied with the requirement to certify their financial statements with the Institute of Certified Public Accountants to ensure proper accountability. Much as government has adopted several policies to ensure that the business sector grows in an investment friendly atmosphere, these investors should also reciprocate by making it easier for Rwanda Revenue Authority to levy taxes on their enterprises.

Yesterday we reported that most of our local enterprises have not complied with the requirement to certify their financial statements with the Institute of Certified Public Accountants to ensure proper accountability.

Much as government has adopted several policies to ensure that the business sector grows in an investment friendly atmosphere, these investors should also reciprocate by making it easier for Rwanda Revenue Authority to levy taxes on their enterprises.

It has been said, time and again, that Rwandans should, gradually but steadily, grow out of aid dependency.

The only way is to support the revenue body generate taxes which will give us access to the much needed infrastructure, without having to wait for external support.

It was recently revealed that only four out of the 300 registered large taxpayers had by September declared their certified financial statements to the institute.

Institutions like the Private Sector Federation (PSF) should take a leading role in encouraging the defiant operators, who in principle subscribe to this institution, to oblige because it is in the interest of all Rwandans.

We should not be set back by these people, who want to be obstacles to the development path the country is taking.

The PSF should be at the forefront in bringing these people back into the fold, instilling in them the culture of taking responsibility for the development of the country. 

Ends

 

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