Government’s total tax and related revenues has jumped by 17.1% to more than 248.6 billion birr in the first three quarters of the fiscal year, a ministry of Revenues report shows.
In a report today, the Ministry of Revenues said it has secured nearly 248.62 billion birr in revenues during nine months of the 2021/22 fiscal year, which started in July, 2021.
The figure has shown a 36.31 billion birr (17.1%) increase as compared to revenues collected in the same months last year, says the ministry’s report issued on Monday.
Much of the revenues came from domestic tax, amounting close to 145.27 billion birr, the report indicates.
Export trade tax, and customs duties have contributed the remaining over 103.3 billion birr.
Tax authorities were unable to achieve their target for the period, which was set at 267.5 billion birr.
The achievement is still 93% of the target, said Revenues Minister Lake Ayalew.
“This is still an excellent and encouraging” performance, he said, considering the pandemic and other challenges were affecting the tax collection and the day-to-day business activities during the period.
The ministry’s four federal tax collection branches were also out of work during the nine months.
He has attributed the overall success to collaborative efforts of the officials and workers at both the Ministry of Revenues and Ethiopian Customs commission, which secured over 103 billion birr of the total revenues.
Businesses who were also able to declare their income on time and pay their taxes, and growing support of partners have also contributed to the performance, he added.
“This usual cooperation which shows your support your country and your people should continue” in the remainder of the year, urged the minister.
The federal government plans to secure 360 billion revenues in the 2021/22 fiscal year.