0117
Reborn
The attached document;
Puntland is the only federal state that produces regular financial reports.
The estimated revenue from April to June was $31,534,190 but the actual revenue collected was $22,588,523.
This is a deficit of $8,945,667.
The only revenue stream that was higher than the estimate was Payroll TAX (plus employee contribution) and Custom Tax.
This shows that the TSI system of taxation system that was implemented is actually working which is a very positive sign.
Perhaps if time gives it will increase other Tax streams like sales which are being tested in cities.
Puntland is the only federal state that produces regular financial reports.
The estimated revenue from April to June was $31,534,190 but the actual revenue collected was $22,588,523.
This is a deficit of $8,945,667.
The only revenue stream that was higher than the estimate was Payroll TAX (plus employee contribution) and Custom Tax.
This shows that the TSI system of taxation system that was implemented is actually working which is a very positive sign.
Perhaps if time gives it will increase other Tax streams like sales which are being tested in cities.
Last edited: