{"id":39663,"date":"2019-07-13T17:10:22","date_gmt":"2019-07-13T17:10:22","guid":{"rendered":"https:\/\/new.igihe.com\/2018-2019-revenue-collections-surpass-target-by\/"},"modified":"2024-10-19T20:34:08","modified_gmt":"2024-10-19T20:34:08","slug":"2018-2019-revenue-collections-surpass-target-by","status":"publish","type":"post","link":"https:\/\/new.igihe.com\/english\/2018-2019-revenue-collections-surpass-target-by\/","title":{"rendered":"2018\/2019 revenue collections surpass target by Rwf 29.6 billion"},"content":{"rendered":"<p>Tax revenue collection for 2018\/19 was Rwf 1398.8 billion while the target was Rwf 1373.1 billion, an excess of Rwf 25.7 billion above the target. <\/p>\n<p>Compared to Rwf 1234.1 billion collected in FY 2016\/17, additional revenue of Rwf 164.7 billion was collected (a growth of 13.3%).<\/p>\n<p>Non-tax revenue collected by RRA amounted to Rwf 22.9 billion compared to the target of Rwf 19.0 billion. Compared to FY 2017\/18, it increased by 26.0%.<\/p>\n<p>Taxes were collected since July 2018 until June 2019.<\/p>\n<p>Local Government (LG) taxes and fees collections totaled to Rwf 60.5 billion, an achievement of 100.6% of the Rwf 60.1 billion target and an excess of Rwf 0.4 billion. <\/p>\n<p>This represents year-on-year growth of 12.5% and a nominal increase of Rwf 6.7 billion.<\/p>\n<p>Speaking to the media yesterday, RRA Commissioner General Pascal Ruganintwali attributed 2018\/2019 revenue performance to a number of factors such as a lower inflation, improved voluntary compliance of taxpayers and administrative measures among others.<\/p>\n<p>&#8220;The economy was projected to grow by 7.5% during FY 2018\/19 and data released by the National Institute of Statistics of Rwanda shows a growth of 7.7%, 9.6% and 8.4% for the quarter 1 (July-September), quarter 2 (October-December) and Quarter 3 (Jan-Mar) of 2018\/19 respectively,\u201d he said. <\/p>\n<p>For the FY 2019\/2020, RRA announced a target of collecting Rwf 1,535.8 billion representing 54.1% of the national budget which is Rwf 2,876.9 billion.<\/p>\n<p>\u201cFor the FY 2019\/2020 RRA will enhance its compliance improvement plan mainly to; Information and Communication Technology sector; Hotels, Bars and Restaurants; importers and customs brokers (Clearing Agents) to improve their levels in voluntary compliance,\u201d said Ruganintwali.<\/p>\n<figure class=\"spip-document spip-document-30694 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/komiseri_mukuru_wa_rra_pascal_ruganintwali_mu_kiganiro_n_abanyamakuru_kuri_uyu_wa_gatanu_yavuze_ko_zimwe_mu_mpamvu_zatumye_iyakirwa_ry_imisoro_rigenda_neza_harimo_izamuka_ry_ubukungu-8c6c1.jpg\" alt=\"The RRA Commissioner General Pascal Ruganintwali attributed 2018\/2019 revenue performance to a number of factors such as a lower inflation, improved voluntary compliance of taxpayers and administrative measures.\" \/><\/figure>\n<figure class=\"spip-document spip-document-30695 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/iki_kiganiro_cyitabiriwe_n_abanyamakuru_batari_bake-3752e.jpg\" alt=\"Rwanda Revenue Authority (RRA) has announced Revenue Performance Results for Fiscal Year (FY) 2018\/2019 has surpassed target by Rwf 29.6 billion\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Rwanda Revenue Authority (RRA) has announced Revenue Performance Results for Fiscal Year (FY) 2018\/2019 where revenue collection in FY 2018\/19 was Rwf 1421.7 billion above the target of Rwf 1392.1 billion, a 29.6 billion excess.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[75],"byline":[170],"hashtag":[],"class_list":["post-39663","post","type-post","status-publish","format-standard","hentry","category-news","tag-homenews","byline-igihe"],"bylines":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"contributors":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"featured_image":null,"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/39663","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=39663"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/39663\/revisions"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=39663"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=39663"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=39663"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=39663"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=39663"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}