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Economy

Ministry of Revenues Identifies 4.3 Billion Birr in Uncollected Taxes via Audit

The Reporter (Amharic) · 1 hour ago · Read the Full Story on The Reporter (Amharic)
Ministry of Revenues Identifies 4.3 Billion Birr in Uncollected Taxes via Audit
AI SUMMARY

The Northwest Addis Ababa Small Taxpayers Branch Office announced that an audit of 14 taxpayers revealed 4.3 billion Birr in uncollected taxes over a three-to-four-year period.

  • The Northwest Addis Ababa Small Taxpayers Branch Office conducted an audit during the 2018 E.C. fiscal year revealing 4.3 billion Birr in uncollected taxes from 14 taxpayers.
  • Sixty-six percent of the 14,573 taxpayers under the branch office voluntarily pay their taxes.
  • The branch office planned to collect 10.079 billion Birr in the fiscal year and actually collected 10.195 billion Birr.
  • Through audits, the office identified 5.6 billion Birr in potential revenue and recovered 2.7 billion Birr, with construction and real estate identified as primary discrepancy sectors.
  • 1.7 billion Birr was collected from high-risk taxpayers and 47 million Birr from low-risk taxpayers, and in total 14 taxpayers were found to have concealed 4.3 billion Birr over three to four years.
  • Tax filings reporting zero revenue or losses included 1,378 taxpayers reporting losses, 2,133 filing nil returns, and 475 under-reporting.
  • Monitoring of nil filers revealed 812 taxpayers had hidden 424 million Birr in taxable income.
  • Only 33 percent of taxpayers are actively making Value Added Tax payments, while 67 percent are not complying.
  • Enforcement efforts regarding cash register usage and receipts reached 5,970 taxpayers, resulting in 23.78 million penalties imposed on 445 violators.
  • A new directive has been sent to the Ministry of Justice to establish a reward system for taxpayers and consumers who consistently issue and request receipts.
Read the Full Story on The Reporter (Amharic)
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