KARONGI – Fresh statistics released by Rwanda Revenue Authority (RRA) indicate that the targeted income through cross-border taxation and internal revenue for the first half of this financial year (2009/10) has already been exceeded by 10%.
The tax body indicates that instead of Rwf179 billion that was expected between July and December 2009, close to Rwf197 billion was collected.
Three months to the end of the financial year, the financial report released last week shows that Rwf243.9 billion has already been collected instead of the Rwf232 billion expected.
Despite the impressive performance, however, RRA’s Commissioner for quality assurance, Peter Ruyumbu, thinks that more can even be achieved if current loopholes were sealed.
“It is relatively good achievement but more can even be collected if all Rwandans endeavour to pay their taxes promptly,” Ruyumbu told The New Times in an interview.
He cited under declaration and falsification of receipts as the major source of tax revenue losses.