Ethiopian Tax Authority Collects 63 Billion Birr Tax; Missed Target

Ethiopian-Tax-Authority-misses-targetNovember 24, 2017 - Ethiopia’s government has collected 63 billion Birr from tax in the first quarter of the current fiscal year, disclosed the Ethiopian Revenue and Customs Authority (ERCA).According to Moges Balcha, Director General of ERCA, the tax collected had missed the target set for the period at the beginning of the current fiscal year, 72 billion Birr. The target for the fiscal year was 230 billion Birr, he added.

It was only 60 percent of the entire 16,000 taxpayers that reported profit that presented their taxable income, Moges added. Around 28 percent of these taxpayers, reported loss, he furthered.

In another note, the Director explained, the authority planned to fill the gap being observed in using cash register machine, citing the recent measures taken against 90 enterprises and 131 individuals who failed to issue recipients.

The tax authority has started implementing an electronic tax filing and payment system, that gives efficient services for taxpayers.

Source: FBC



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