By Yiep Joseph
The Governor of the Bank of South Sudan (BoSS), Dr. Addis Ababa Othow, has called for enhanced monitoring of tax collection processes to promote transparency and accountability.
Dr. Addis Ababa made the remarks during a meeting with managing directors of commercial banks designated by the South Sudan Revenue Authority (SSRA) to collect and remit tax revenues.
The discussions focused on reviewing the implementation of the recently issued circular on tax revenue collection and remittance.
The meeting brought together key stakeholders from the banking sector to strengthen coordination mechanisms and ensure that tax revenues collected through commercial banks are properly managed, accurately accounted for, and transferred to the government promptly.
Dr. Addis Ababa emphasised the importance of effective monitoring of the tax collection process, stressing that all institutions involved must adhere to the guidelines outlined in the circular.
He said the collaboration between the central bank, commercial banks, and the revenue authority is critical in improving transparency and efficiency in domestic revenue mobilisation.
The governor called on the designated banks to maintain close communication with the SSRA and the Bank of South Sudan to ensure smooth implementation of the new procedures.
He encouraged bank executives to provide regular updates on progress, challenges, and any operational issues affecting the collection and remittance of tax revenues.
The meeting was part of ongoing efforts by the Bank of South Sudan and government institutions to strengthen financial governance and improve accountability in the management of public resources.
The central bank has continued to emphasise the need for a reliable and transparent system that supports government revenue collection while building confidence in the country’s financial sector.
Dr. Addis Ababa also highlighted the role of commercial banks as important partners in supporting national economic development.
He noted that efficient tax administration and timely transfer of public revenues are essential for enabling the government to meet its financial obligations and provide essential services to citizens.
The managing directors of the designated commercial banks briefed the governor on their preparedness to implement the SSRA directive and shared their commitment to working with relevant authorities to ensure compliance.
They also discussed practical challenges that may affect the process, including coordination, reporting systems, and the need for continued engagement among stakeholders.
The SSRA recently designated selected commercial banks to support the collection of tax revenues as part of measures aimed at modernising revenue administration and reducing gaps in the collection process. The arrangement is expected to enhance accountability by creating clearer channels for taxpayers to make payments and for revenues to be tracked.
The Bank of South Sudan reaffirmed its commitment to supporting reforms that strengthen financial institutions and promote responsible management of public funds.
The central bank said continued supervision and engagement with commercial banks will remain important in ensuring that the tax collection framework operates effectively.
The meeting concluded with a commitment from all parties to maintain cooperation and closely monitor the implementation of the circular to achieve the intended objectives of improving revenue collection and strengthening financial management in South Sudan.