The Rwanda Revenue Authority (RRA) has presented preliminary results of Tax Revenue Performance for 2023/2024 financial year.
RRA said that it has collected RWF 2,619.2 billion for the 2023/2024 financial year, which is 99.3 percent of the target of 2,637.1 billion RWF.
The collections represented 12.3 percent growth compared to 2022/23.
According to the RRA, some of the key contributors to the increased tax collection include economic growth, automation of key services and increased uptake of the electronic invoicing system.
RRA Commissioner General Ronald Niwenshuti said that for the 2024/2025 financial year, the revenue target is 3,061.2 billion RWF, which is 54 percent of the national budget.
“We are very optimistic that we shall achieve it,” the commissioner general said.
The RRA plans to meet the target by focusing on importers dealing with high-risk commodities and goods from high-risk origins.
