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Rwanda’s tax revenue collection grew from Rwf68 billion in 1998 to more than Rwf2.6 trillion over the past quarter-century, implying an increase of more than 38 times, or 3,850 per cent, according to Rwanda Revenue Authority
Rwanda’s tax revenue collection grew from Rwf68 billion in 1998 to more than Rwf2.6 trillion over the past quarter-century, implying an increase of more than 38 times, or 3,850 per cent, according to Rwanda Revenue Authority.
The baseline figure was recorded just a year after the formation of Rwanda Revenue Authority (RRA), the country’s tax collection body. RRA Commissioner General Niwenshuti Ronald announced the figures on July 3, in Kigali, at a news conference in which the tax authority presented preliminary results of revenue performance for 2023/24 and launch of tax compliance improvement plan for 2024/25.
He said that the tax collection of last year reflects the progress made within 30 years of the liberation of Rwanda. According to RRA, tax revenue collection in 2023/24 was slightly over Rwf2,619 billion compared to a target of Rwf2,637 billion, which represents an achievement of 99.3 per cent.
As such, RRA financed the national budget by 51.2 per cent in fiscal year 2023-2024, from 48.9 per cent in the previous year, 2022-2023. On what such money was used for, he mentioned hospitals, schools, and the security that Rwandans enjoy.
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On the tax-to-GDP ratio, he pointed out that it was at 15.1 per cent in 2023/24, informing that the tax administration body projects to raise that rate to 15.8 per cent in the 2024/25 fiscal year which commenced in July.
