Why you should insist on receipts or invoices

Editor, A lot of sensitisation about the importance of using payments receipt/invoices has to be done. Businessmen should not ask customers if they need or do not need payments receipt/invoices. Because this is a way of avoiding to pay taxes .Even after Rwanda Revenue Authority (RRA) gave the electronic billing machine, they have ignored using it in their businesses.Patrice , Gitega, Kigali**************************Even if we don’t hit the target, the mere fact that we had set it, sets a precedence. This speaks volumes to the donors using aid as a control tool. Kudos!Chris, Kigali-Rwanda**************************Aggressive taxation will reduce discretionary spending, there will be sectors where uncollected taxes will see a decrease in revenues. Temporarily the Finance ministry is going to see a surge in tax revenues as some sectors become gradually squeezed, less money will be reinvested in businesses, then tax revenues will start decreasing.More investments and new entrepreuners are a good sign, but it may take a number of years before the new economic activities become profitable. A recent study on Rwanda exports showed that Rwanda was not selling enough commodities, such as agricultural products, to a vast market of its neighbours and that is where we need to consetrate for more revenues, not shuffling money around.Straton, Nairobi – Kenya Reactions to the story, ‘’How domestic revenues will fund 60% Budget’’( The New times, June 15)

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Why you should insist on receipts or invoices