Burundi’s tax authority sees March tax collections rise


Burundi’s tax revenues increased significantly in March to 58.4 billion Burundi francs ($38.07 million), topping the target of 52.7 billion Burundi francs, although the tax take declined by 13 percent versus the same period in 2015, revenue authority OBR said.

In it latest statistics, OBR said its collection for the first quarter of 2016 amounted to 150.2 billion francs, slightly less than the 151.1 billion francs it had expected to collect.

During the same period last year it managed to collect 166.6 billion francs.

“OBR reiterated its commitment to continue its mission of maximizing revenue collection in order to support the Burundian economy,” the revenue authority said in a statement.

Burundi, a poor nation that relies heavily on tea and coffee production, was plunged into crisis in April last year when President Pierre Nkurunziza said he would seek a third term, which he went on to secure in a disputed July election.

Opponents say the president violated the constitution and a peace deal that ended a civil war a decade ago by contesting the poll. The government cites a constitutional court ruling that said he could run. More than 400 people have been killed in violence. ($1 = 1,534.0000 Burundi francs).



Theinsider Uganda is a news publishing website. We are located at Suite G25 Metroplex Shopping mall, Naalya Kampala Uganda. info@theinsider.ug
Enter ad code here

Copyright © 2016 Theinsider Uganda. Unearthing the truth

To Top