14 October 2012

Tanzania: Revenue Authority Collects Impressive Revenue in Kilimanjaro

Moshi — TANZANIA Revenue Authority (TRA) in Kilimanjaro region has, between July and September this year, collected 8.7bn/- in domestic revenue which was 79.13 per cent of 11bn/- in proposed regional budget, TRA Regional Manager, Mrs Patience Minga said.

She said Customs Department fetched a revenue of 10.2bn/- which was 71.9 per cent of the projected collection of 14.2bn/-, adding that in total, direct revenue and customs departments collected 19bn/-, equal to 75 per cent of the set target of 25.3bn/-.

Mrs Minga said Value Added Taxes (VAT) and Pay as You Earn (PAYE) contributed immensely by 60 per cent of the total revenue collected, adding that some stalled industrial units are denying government the statutory levies immediately after they were acquired by seemingly capable investors.

She further stated that tax revenues increased by 4.8 per cent from 73.6bn/- during 2010/2011 to 77.2bn/- the following fiscal year, an increase of 3.5bn/-.

Mrs Minga said one of the challenges facing TRA in the region was to surpass set revenue collection budgets for the current fiscal year, urging TRA workers to work hard to realize what they have resolved to implement. She also revealed that TRA management will explore new sources of revenue which are badly needed to bolster social services and improve people's welfare.

Copyright © 2012 Tanzania Daily News. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.