KIGALI - Rwanda Revenue Authority (RRA), yesterday, signed a Memorandum of Understanding (MoU) with the Social Security Fund of Rwanda (SSFR), to start collecting the contributions made by employees towards their social security.
According to the agreement, power to collect pension and professional hazard contributions has been transferred from SSFR to RRA, in order to save taxpayers from making payments in two separate places since they will be able to pay and declare social security collections as well as Pay As You Earn in RRA.
Speaking at the signing ceremony, Mary Baine, the Commissioner General of RRA, said that the agreement will serve as a cost effective system which will felicitate doing business in the country as well as create a strong database for policy analysis and estimation of social security.
“This agreement is a government initiative that has been prepared to ease the work of both RRA and SSFR by unifying some functions to help both bodies provide quality services.
Afrique Ramba, the Acting Director General of SSFR, said that RRA will collect contributions on their behalf, but payment will still be made through the existing SSFR accounts in Bank Populaire, Bank of Kigali and Ecobank.
“This will relieve SSFR from the burden of collection so that it can focus on its core business of investing, planning and paying pensions,” Ramba said.
To ease the procedure, the MoU provides that RRA shall have offices in all districts where SSFR operates.