TRA upbeat on fiscal independence

15Mar 2019
The Guardian Reporter
The Guardian
TRA upbeat on fiscal independence

THE Tanzania Revenue Authority (TRA) has expressed optimism that if individuals and businesses pay their due taxes, the country can easily achieve its aspiration to be financially independent.

Large Taxpayers Department manager Jeremiah Mbagi said here yesterday that at the moment more than 60 percent of the country’s budget comes from internal (domestic) sources, with the remainder supplemented by loans and grants.

But if the current trend of compliance in tax payment among business entities continues, he remarked, Tanzania will be in a better position to be self-reliant in funding its budgets.

Mbagi pointed out that the country is currently making major strides towards being self-reliant in funding its budgets, therefore large as well as small taxpayers need to be patriotic by paying their dues promptly.

He was making a presentation at the TRA Tax Education Workshop for more than 30 large taxpayers, precisely major business outlets in the Northern Zone regions of Tanga, Arusha, Manyara and Kilimanjaro, at the regional headquarters function hall here.

The training was graced by the Regional Administrative Secretary (RAS), Richard Kwitega who lauded the TRA for seeing the importance of educating major taxpayers on issues regarding the new revenue estimating system, transfer prices, revised electronic tax payment, electronic tax stamps and barcodes.

“Of course, the new tax systems are already in operation across the country, but it is important to ensure that education regarding this sector is continuous in order to make tax payers even more conversant with the latest schemes of digital revenue payment,” he told the participants.

Mbagi noted that during the series of tax education workshops for large taxpayers, TRA will take advantage of the platform to collect suggestions, views and even complaints from traders, business persons and other taxpayers regarding TRA operations, taxation systems and the future of revenue collection in the country.

TRA in Arusha has already provided similar training to small scale business entity owners in the city and region as a whole.

Earlier on, TRA expressed intention to assist business persons in Arusha to acquire identity cards enabling them to secure electronic passports so that they can undertake overseas trading activities without hassles.

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