Fake Goods On the Decline As Tanzania Rolls Out Electronic Stamps

Since the Electronic Tax Stamps project was rolled out by the Tanzania Revenue Authority on January 15, 2019 during which electronic stamps were installed in 19 companies that produce alcohol, wines and spirits across the country, a number of counterfeits in the market is increasingly falling, according to deputy minister for Industry and Trade, Stella Manyanya. The new technology helps the government to curb revenue leakages and also helps it to determine in advance the amount of taxes to be paid as excise duty, value added tax (VAT) and Income Taxes, she said.

(file photo).

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