Revenues Development Authority of the Tigray Regional State of Ethiopia  has reportedly collected 2.1 billion Ethiopian birr revenue in the concluded Ethiopian Fiscal Year.

Legesse Seifu, the Authority's Legal Core Process Head,  told Walta Information Center today that, the revenue was collected from direct and indirect taxes as well as non-income titles.

The authority nearly missed its target of collecting 2.2 billion birr for the fiscal year, he said. According to Legesse, the revenue collected in the reported period surpassed the  amount collected in the previous year by 16.6 per cent. He attributed the rise in revenue to the increasing number of people registered for Value Added Tax and implementation of tax reform program. The authority planning to collect 2.3 billion birr this fiscal year.

Source: Walta