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Burundi says tax revenue up 29 pct yr/yr in Aug

Burundi tax revenue collection rose 29 percent to 55.81 billion francs in August compared with the same period in 2015, data from the tax authority showed on Tuesday.


The semi-autonomous body OBR did not give a reason for why the collections - which exceeded their August target of 46 billion francs - went up. Last year, political instability held back tax collection.

Last month it said it had registered increased collectionsdue to recovery of tax arrears and the fight against tax evasionhad become more effective.

OBR said in a statement that cumulatively, in the first eight months of this year, tax collection rose 10 percent to 412.4 billion francs compared with the same period a year ago.

A strong domestic tax inflow and modest revenue from coffee and tea exports have become critical for the aid-dependent country, particularly since Belgium and the European Union,major donors, cut external aid over the past year. More than 450 people have been killed in violence and more than a quarter of a million people have fled to neighbouring countries since President Pierre Nkurunziza was re-elected for a third term in the small east African country in what the opposition said was a violation of the constitution.($1=1644.9 Burundi francs)

Jimirasire

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