Tax bodies in East Africa record shortfalls in revenue collections
Regional tax bodies have registered shortfalls in revenue collections in the first four months of the 2016/17 financial year, with top Ugandan, Kenyan and Tanzanian revenue officials fearing huge tax gaps. FOTOSEARCH
Regional tax bodies have registered shortfalls in revenue collections in the first four months of the 2016/17 financial year, with top Ugandan, Kenyan and Tanzanian revenue officials fearing huge tax gaps.
During a recent meeting for tax administrators in Kigali, the Rwanda Revenue Authority (RRA) said it had missed its tax revenue target by four per cent. It also missed its non-tax revenue target. RRA’s tax revenue target was Rwf333.4 billion ($153 million), but only Rwf323.3 billion ($148.7 million) was collected between July and October.
