Regional retailer, Nakumatt Holdings’s Rwanda-based subsidiary has been named the best tax paper by the Rwanda Revenue Authority.
Nakumatt Rwanda, which operates three retail stores in Kigali, was adjudged the best tax paper on Friday evening at a colourful event hosted by the RRA to celebrate tax payers in the country.
At the event, Nakumatt Rwanda picked the 2016 best Taxpayer award. The firm also received the best Electronic Billing Machine (EBM) user award.
Speaking at the event, RRA Commissioner-General Richard Tusabe confirmed that Tax compliance rates in the country are steadily edging up with continue support from various economic fronts including the private sector.
The RRA Boss disclosed that the tax body had managed to beat its collection target in the last financial year by more than Ksh 1.1 billion (Rwf8.6 billion) based on a total collection of than Ksh 138 billion (Rwf1,102.8 billion) last year.
Speaking moments after receiving the RRA awards, Nakumatt Rwanda Country Manager Adan Ramata said the firm would continue maintaining prudent tax management systems to support Tax Collection and settlement initiatives in Rwanda.
“At Nakumatt we remain committed to maintaining prudent and ethical business management standards including prompt tax payments,” Ramata said.
The retailer he said had successfully managed to integrate Electronic Billing Machines (EBM) across the branch network in Rwanda.
Last year, Nakumatt Rwanda opened its third Nakumatt store in the country nine years since the firm first entered the fast growing country.