Burundi has recorded a huge leap in revenue collection rising by 9.1% annually at US$257.5 million tax collection in the nine months to September.
The anti Corruption efforts are paying off in a largely corrupt East African country.
Burundi Revenue Authority says, “The tax base grew with a registration of 5,000 new contributors who were in the informal sector and who didn’t pay tax before.”
Monthly tax revenues collected in September this year fell to 41 billion francs from 44.5 billion francs in September 2011.
The board said this was due to the government’s decision to suspend tax on basic food imports to the landlocked central African country, to ease the impact of soaring prices of essential commodities.
The decision came into effect in May and will last until the end of December.
In order to plug a US$64 million revenue deficit on the current 2012 budget, the government has raised taxes on beer, liquors, mineral water and other beverages.
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