Tax compliance will mitigate financial crisis

Rwanda Revenue Authority yesterday released a generally impressive performance in its first quarter surpassing its targets by 108.8 % . While this reflects good economic performance, it should be noted that enormous challenges remain for the country, as the effects of the global financial crisis continue to unfold. RRA’s under performance on tax collection in its first quarter results, sends a signal that the financial crisis is not only taking a harsh toll on the world ’s advanced economies, but also emerging economies like Rwanda.