City’s Nine-Month Revenues Grew by 33.5% to 43.1bln Birr

ADDIS ABABA — Addis Ababa Revenues Bureau has collected over 43.15 billion birr from direct tax and other sources of revenues in the past nine months of the fiscal year, achieving 115.5% of its target.

The Bureau announced this on Wednesday during a meeting that reviewed its nine month performance on Wednesday.

Tax authorities started the budget year with a target to secure 37.34 billion birr in the first three quarters.

The bureau has achieved 115.5% of the target and collected 43.15 billion birr revenues, disclosed Zegeyeh Belayneh, Deputy Director of the Bureau.

The figure has also shown a 33.56% (or 10.84bln birr) jump as compared to the amount registered in the same period last year.

Deputy Director Zegeye said the bureau will push to maintain the current rate of tax collection during the remainder of the budget year.

The tax collectors need to focus on maintaining the current level of achievement while ensuring taxpayers’ satisfaction in their service, Zegeye told the officials of branches that the bureau operates in the city.

Addis Ababa City administration has more than 418,000 registered taxpayers that are classified in three categories based on their annual sales turnover.

About 74,000 are categorized under the ‘largest taxpayers group’ or category A while close to 46,000 taxpayers fall under category B or medium taxpayers. The remaining 296,000 taxpayers are under category C.

 

Featured Image Caption: Zegeyeh Belayneh, Deputy Director of Addis Ababa Revenues Bureau. [Photo AARB]