The Director General of Taxes highlights the importance of the collection of taxes for good governance

This morning, the General Director of Taxes, Miguel Luba Bahosi, held a meeting in which he assigned the thresholds, the minimum income that must be obtained by each of the large sections that make up the tax management, which are, the large taxpayers , SMEs and subaltern administrations and special taxes.

The Director began the meeting by reminding his team that taxes are one of the main ways by law, a country has to obtain income that allows it to finance its socio-economic development process. One of the fundamental ways for the collection of taxes is the adequate coordination of tax management. Currently, the country needs a modern, efficient, ethical and professionally committed tax management with the economic objectives of the country.

“We have had the first semester in which we only executed 70% of the revenues forecast for that period. In view of this, it is necessary to readjust the minimum income thresholds required by the State in this second semester to be able to naturally execute the General State Budget for fiscal year 2021. We are faced with the great challenge of having only one quarter left before the conclusion of the fiscal year, which is more reason to double the  efforts of being more effective with the objectives of tax management ”, said Miguel Luba Bahosi.

Being efficient and professionally ethical does not mean hunting down the taxpayer, said the new General Director of Taxes and Contributions. Hunting the taxpayer would only force him to seek new ways to evade the tax administration. Therefore, being efficient and ethical in tax management means, on the one hand, recognizing our responsibility to enter the State 100% of what the taxpayer pays.

On the other hand, given the low tax culture, being efficient and ethical implies implementing practical actions that allow the taxpayer to understand their tax obligations (what they must pay, why they must pay it, where they must pay it) at the same time, facilitating their payment process as much as possible. (how much should you pay, how can you afford it).  By this way only, can the minimum entry thresholds set by each section be reached, and if possible, exceed them.