Nakumatt Rwanda was named Best Tax Payer last Friday evening by the Rwanda Revenue Authority (RRA) at the 2017 Taxpayers’ Appreciation Day celebrations. The major retailer, which has been facing major financial hurdles this year, also took home the award for best Electronic Billing Machines (EBM) usage.
The Commissioner-General of the RRA, Richard Tusabe, lauded Nakumatt Rwanda for successfully integrating EBM usage across their three branches, consequently helping to increase tax compliance in the country. EBMs were introduced in Rwanda to assist businesses to pay for their Value Added Tax (VAT) and increase taxpayers’ compliance while reducing the cost of tax collection. Tusabe also said that the RRA would continue to use the latest technology for tax collection.
During the ceremony, Adan Ramata, Nakumatt Rwanda’s country manager, reaffirmed the company’s intention to support tax collection initiatives in the country. Currently, the retailer employs 7,000 people across its stores in the East African region and has a Sh62 billion annual sales turnover. The unstable situation of Nakumatt’s branches in Kenya and Uganda have not affected the Rwandan subsidiaries.
In May, Nakumatt announced plans to close its poorly performing branches in Kenya and Uganda in as part of efforts to save Sh1.5 billion annually. Shortly after, the Haile Selassie branch located at the Kenyatta University Plaza closed down.
Earlier in the year the retailer had shut its Ronald Ngala branch as well as a branch in Uganda that had accumulated rent arrears of about Sh8.5 million. The company continues to struggle to get back on its feet, having closed down three more branches over the past two months, including the Thika Road Mall branch that is set to be replaced by French retailer Carrefour.