Government lays out plan for non-tax revenue


The Ministry of Economy and Finance held a workshop yesterday to finalise a draft on a sub-decree managing non-tax revenue sources, part of the government’s attempt to improve its revenue collection.

About 300 officials from relevant ministries attended the workshop, which was headed up by Net Mony, director-general of the General Department of State Assets and Non-Fiscal Revenue.

 

Mony said yesterday that a final draft of the sub-decree would be submitted to the cabinet for approval by the end of March. Non-tax revenue accounted for about 15 percent of total state revenue last year, according to Mony, but he said he expected that percentage to rise after the passage of the new rules.

Currently, non-tax revenue is collected individually by each ministry, and there are more than 5,000 different sources of non-tax income. The sub-decree is intended to simplify the collection process and bring all the sources under a single set of rules, Mony said.