City Tax Revenue Rises 26pc in Year

Feb 16 , 2019

The Addis Abeba City Revenues Authority has collected 18.7 billion Br in tax revenue in the first half of the current fiscal year. The performance was six percent short of the Authority’s plan for the stated period. The Authority’s plan was to generate 19.9 billion Br in the reported period. Comparing the performance with the preceding year’s same period, the value shows a 3.9 billion Br increase or 26pc. From the total revenues collected; direct tax contributed 13.5 billion Br; while indirect tax contributed 5.1 billion Br; and municipality revenues contributed  333 million Br. The Authority has a total of 336,173 taxpayers out of which 69,319 are Category A, 46,981 are Category B and 219,873 are Category C.