Infos Business of Wednesday, 13 May 2015

Source: cameroon-tribune.cm

Taxation fetches surplus FCFA 45 Billion

The Director General of Taxation in the Ministry of Finance chaired the coordination meeting in Bamenda on May 11, 2015.

The Directorate General of Taxation took time off on May 11, 2015 to sound off about first quarter achievements with FCFA 570 billion to show in revenue collection against FCFA 525 billion targeted representing a surplus of FCFA 45 billion.

The Director General, Mopa Modeste hailed central and devolved services for commitment to work which should inspire them to excel by the time the 2015 fiscal year runs out.

The event was the coordination meeting during which North West Governor, Adolphe Lele Lafrique, equally saluted ongoing reforms to inspire quality services towards optimal fiscal output. It could have been better, but for speed brakes in the identification of tax payers and insufficient computerisation of the tax administration.

It was a rare moment for the Governor to challenge the tax administration to combat corruption and ensure best practices in governance for the North West to continue to emerge as the least corrupt region on the strength of a recent report by the National Anti-corruption Commission. It was against this backdrop that the North West Chief of Taxation Centre, Fonyuy Fidelis greeted the patriotic spirit of tax payers in the region.

He revealed sensitization strategies to help the tax culture take firm root in the region. The coordination meeting which assembled Directors and Regional Chiefs of Taxation Centres offered a rare moment for the Director General to get abreast with field realities, encourage and dialogue with tax payers.

It also emerged from the session that the General Directorate of Taxation excelled in the 2014 fiscal year with FCFA 1,353 billion registered in revenue collection against FCFA 1,240 billion targeted.