Nakumatt named best taxpayer in Rwanda

Troubled retail operator Nakumatt Holdings has received accolade in neighbouring Rwanda after it was recognized as the best taxpayer.

Nakumatt Rwanda, which operates 3 retail stores in Kigali, took home the 2016 Best Taxpayer trophy as well as the Best Electronic Billing Machine (EBM) user award last Friday.

Rwanda Revenue Authority (RRA) Commissioner-General, Richard Tusabe, hailed Nakumatt’s win saying the retailer and other private sector players had helped drive up tax compliance due to adoption of tamper-proof technology accounting.

“Tax compliance in the country is steadily edging up with continued support from various economic fronts including the private sector,” Mr Tusabe said.

The accolades at the subsidiary are a far departure from troubles facing the retailer back home as it eyes a merger with rival Tuskys as its final survival strategy.

really interesting


Yet it is having issues with KRA. Irony of ironies.