The Rwanda Revenue Authority (RRA) has pledged to continue supporting traders who were affected by a devastating fire at GOICO Plaza in Musanze, Northern Province. Commissioner Ronald Niwenshuti expressed sympathy to the traders, commending them for not giving up after losing property and stock. He assured them that RRA would remain close and work with stakeholders to address challenges facing businesses.
The fire broke out on October 10 at the five-storey commercial building, which was used by about 2,000 traders. Fortunately, no fatalities were reported, although two people sustained minor injuries and 15 others received medical care for psychological distress. The cause of the fire has not been disclosed. The blaze destroyed goods worth an estimated Rwf30 billion, according to Northern Province Governor Mugabowagahunde Maurice.
Authorities have identified over 635 alternative commercial spaces in Musanze for traders seeking to resume business. This move aims to help affected traders get back on their feet quickly. Governor Mugabowagahunde Maurice thanked RRA for supporting affected traders and urged businesses to meet their tax obligations voluntarily, use electronic billing machines properly, and insure their goods.
Commissioner Niwenshuti praised the province for increasing collections from national taxes and revenues assigned to local authorities. He said RRA would continue seeking solutions to concerns raised by taxpayers. The authority's commitment to supporting traders and businesses is expected to help mitigate the impact of the fire.
Only 17 GOICO Plaza traders had insured their goods, while over 1,100 have found new places to work. This information highlights the need for traders to take proactive measures to protect their businesses and assets. The government and RRA are working together to support affected traders and promote business continuity.
Traders' representatives thanked RRA and the Government of Rwanda for their efforts to support businesses, particularly those whose property was destroyed at GOICO Plaza. The support from RRA and the government is expected to help traders recover and rebuild their businesses. The incident has also underscored the importance of disaster preparedness and risk management for businesses.
The RRA's pledge to support GOICO Plaza traders is part of its broader mandate to promote tax compliance and support economic growth. The authority's efforts to address concerns raised by taxpayers and provide support to affected businesses are expected to contribute to the recovery and growth of the local economy.
Key points
- RRA to continue supporting traders affected by the fire at GOICO Plaza.
- Over 635 alternative commercial spaces identified for traders in Musanze.
- Only 17 GOICO Plaza traders had insured their goods.
