The Ethiopian Revenues and Customs Authority’s (ERCA) collected a 22.26 billion birr revenue during the first quarter of the current fiscal year, surpassing its plan by 103.57 percent. The authority had planned to collect 21.49 billion birr during the first quarter of the fiscal year, which started on July 7, 2012 and successfully accomplished its plan by collecting 22.26 billion birr, Ephraim Mekonnen, head of the authority’s public relations department, told journalists at a press conference he gave on Wednesday.The authority’s first quarter performance increased by 6.2 billion birr compared with the same period of the previous year and this is a significant achievement to the authority, Ephraim said.
Indirect taxes such as Value Added Tax (VAT), Excise and Turnover taxes have considerable contribution to the authority’s first quarter revenue collection. Type of taxes in this category jointly raised 16.13 billion birr or 72.47 percent out of the total revenue collected in the quarter.
VAT, the contentious tax type listed in the indirect category alone raised 9.1 billion birr, 41 percent to the total revenue of the quarter, according to the authority’s performance report.
Furthermore, the authority collected 2.55 billion birr during the stated period in aid of the Addis Ababa City Administration in accordance with the latter's request to boost its revenue.
It also seized contraband goods worth 7.3 billion birr while crossing borders into Ethiopia, according to the authority’s first quarter performance report.
Cigarettes, electronics, cosmetics, different types of bullets and medicines were some of the contraband items seized while crossing the Somali borders in to Ethiopia.
Similarly contraband goods and livestock worth 1.2 billion birr were also seized while being smuggled out of Ethiopia, according to the report.
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