Sep 17 , 2022
Officials of the Ministry of Revenues have transferred a little over 41 billion Br in proxy and other taxes collected on behalf of regional administrations. Proxy taxes account for 6.3 billion Br of the funds transferred to regional governments, while other taxes comprise the balance. The Revenues Ministry collected over 497 billion Br in taxes and duties in the last financial year. The federal government plans to collect 150 billion Br more in taxes this year, enough to cover 61pc of the 787 billion Br of the federal budget. The federal government recently imposed a new tax on importers, dubbed “social welfare levy”, with hopes of collecting an additional 22 billion Br this year. Importers will pay three percent on the items they bring into the country, barring a few exemptions.
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