On Tuesday 11th July, the Secretary of State at the General State Treasury, Milagrosa Obono Angue, met economic heads from all ministerial departments, to look at the two points regarding their roles within the Central State Administration.
The first point covered was the presentation by the Adviser to the Presidency, Charged with Revenue Collection, Genaro Ela Kung, who asked for collaboration from all financial heads, and called for teamwork and the drawing up of reports including economic transactions being carried out in each ministerial body.
The second point, which occupied most of the meeting, covered the activities and income from the ministerial departments corresponding to the first six months of 2017.
For her part, the Secretary of State asked them to seek strategies to increase the collection of non-petroleum revenue, and implored the economic heads to draw up reports detailing all the taxes collected in each department, together with the rate of payment for certifications, the dates on which they are sold, and the process for making the deposit in the State coffers.
Obono Angue also informed the meeting regarding the new Tax Law and the General State Budget Law.
The speaker, Juan Engonga Esono Nchema, and the Paymaster General, Ismael Efua Mbana Makina, mentioned once again the need to implement a new charging system for taxes in the ministries, in order to prevent duplicity, in addition to strengthening the current legal procedure.
During the meeting, various economic heads gave their points of view regarding the meeting, and reported on the process of charging taxes, and the revenue generated through their respective administrative bodies.
With respect to the drawing up and issue of reports by the financial bosses, these will have to cover all income from January to June 2017, and be presented to the Adviser to the Presidency, Charged with Revenue Collection, and the Paymaster General, within a period of twelve days.
Source: Official Web Page of the Government of the Republic of Equatorial Guinea