TRA upbeat to collect targeted 18trn/- by June

17Apr 2019
Francis Kajubi
The Guardian
TRA upbeat to collect targeted 18trn/- by June

THE over 6trn/- which Tanzania Revenue Authority needs to collect between now and June 30 this year will be realized, the revenue collecting body’s spokesman, Richard Kayombo has assured.

TRA Director of Taxpayer Education, Richard Kayombo. File photo.

Having already collected 11.96trn/- in the past nine months against the targeted 18.4trn/- for fiscal year 2018/19, Kayombo said they are confident of collecting the balance because many people prefer to settle their tax bills before the deadline.

“We are more confident in meeting the target as many people rush to pay their taxes at last days of the financial year, particularly property tax and tax related to outdoor billboards,” Kayombo said.

“On the other hand taxes such as corporate tax and income tax will also contribute much to our meeting the targeted amount,” Kayombo noted. The TRA Director of Taxpayer Education however called on the public to settle their tax bills on time and avoid last minute scrambles which may lead to penalties if the deadline is missed.

In the latest tax collection figures released on Monday, TRA said it has been collecting an average of 1.3trn/- since last July but admitted that in order to beat the 2018/19 target, such collections should peak over 2trn/-.

Kayombo said during the week that in the first quarter of the 2019, the revenue body collected a total of 3.96trn/-, being 1.30trn/- in January, 1.23trn/- in February and 1.43trn/- last month.

“TRA is grateful to all taxpayers who contributed to this success by paying their tax on time. I would like to encourage those who hesitate or sometimes find ways to avoid paying taxes to refrain from such a habit because defaulters will be severely punished,” he warned.

According to him, in efforts to broaden the tax base, TRA has arranged a simple and direct way of Tax Payer Identification number (TIN) through close collaboration with Nation Identification Agency (NIDA) whereby currently, TIN is issued at regional and district levels instead of Dar es Salaam.

Kayombo reminded the public to pay property tax on time as stipulated by the law to avoid penalty if deadline passes. “I urge all those who are engaging in illegal acts of duplicating fake electronic fiscal device receipts to refrain from such acts or risk jail term,” he added.

TRA has however made significant progress in collecting taxes this fiscal year with 1.20trn/- collected in last July 2018, a figure that increase to 1.27trn/- in August before leapfrogging to 1.36trn/- in September and thereafter registered a record monthly collection with 1.63trn/- realized in December 2018.