Provisional statistics for the month of September 2024 show a good performance by the Direction Générale des Impôts (DGI) in revenue mobilization in this tax month, with the collection of the with the collection of the 3rd instalment of profit tax.
According to data from the Banque Centrale du Congo (BCC), the Direction Générale des Impôts (DGI) mobilized revenues of the order of 1,879.6 billion Congolese francs (CDF) in September 2024, marking a crucial month for tax revenues.
This figure, although slightly below the forecast of 1,897.6 billion Congolese francs (CDF), reflects a solid performance in the collection of direct and indirect taxes.
According to the same source, this situation could improve further with the final accounting of operations for the month under review.
The month of September 2024 is traditionally a key moment for the Government, with the third instalment of tax on profits.
Experts believe that the figures could improve further with the final accounting of the month’s transactions.
The DGI has implemented several reforms aimed at broadening the tax base, notably through the application of administrative and legislative measures.
These efforts are reinforced by the use of electronic devices to improve tax collection.
At the same time, the Minister of Finance, Doudou Fwamba, stressed the importance of effective collaboration between the various financial authorities in order to achieve the set budgetary objectives.
Emphasis was placed on the need for rigorous management to maximize public revenue.
The results for September 2024 continue the positive trend observed since the beginning of the year, with cumulative collections exceeding expectations.
In total, the DGI has mobilized almost CDF 9,676 billion since the beginning of the year. Projections for the rest of the year remain optimistic, with an overall target set at 40,463.6 billion CDF for 2024.
DGI hopes that the continued implementation of reforms will enable these ambitious targets to be met.
Tax revenues are essential to finance public spending and support the country’s economic development.
The DGI’s performance in September 2024 could also positively influence the perception of foreign investors.
Despite a slight deviation from forecasts, revenue mobilization by the DGI in September 2024 is an encouraging sign for the Congolese economy.
Continued efforts in tax reform and revenue management are crucial to ensure sustainable growth.
Mitterrand MASAMUNA