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Burundi Introduces Africa’s ‘Most Effective’ Tax System

Burundi Introduces Africa’s ‘Most Effective’ Tax System

From CNBC Africa

The Burundi Revenue Authority has set the benchmark in the continent as an effective and accountable taxation authority.

“[Tax] revenue has gone from 301 billion to 560 billion Burundian francs last year, an 86 percent sustainable increase in revenues, and we achieved that by applying best practices to tax administration. It is absolutely vital to have the strong political support, and we have that from the president, and the first and second vice presidents,” Kieran Holmes, the commissioner general at the Burundi Revenue Authority, told CNBC Africa.

Holmes added that the Authority should be able to double this again in the next five years, indicating a system that is independently sustainable.

Holmes however added that public figures, politicians and government officials, have been known to dodge the tax system, which in turn discourages the everyman from committing to pay their taxes. Tax evasion is however not new to the globe.

Written by Wilhelmina Maboja/Read more at CNBC Africa