ADDIS ABABA – Ethiopia’s Ministry of Revenues has collected over 147.3 billion Birr in taxes and duties over the past five months of the 2021/22 fiscal year.
The amount is 16.27% or 20.6 billion birr more than what was collected the same period of the previous year.
Domestic taxes account for 93.1 billion Birr of the total while customs duties generated 54.2 billion Birr revenues, showing 16.25 percent and 15 percent increases, respectively.
Overall, the ministry achieved about 92.7 percent of the target set for the period, which was 158.9 billion birr.
While announcing the five-month performance report of the Ministry in a statement today, Revenues Minister Lake Ayalew said the performance “is very much encouraging” considering three branches of the ministry are currently shut down due to security situation in northern Ethiopia and Coronavirus-induced challenges.
Minister Lake also attributed the “encouraging achievement” to three key reasons.
These are increase, he said, the increase in the number taxpayers who declared their income and pay taxes on time, collaborative work with Ethiopian Customs Commission and the genuine support the ministry’s work is getting from the public and its partners.
The ministry plans to collect a little over 205.2 billion birr in total during the fiscal year.