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Tanzania: TRA collects 3.6trl/- in 1st quarter of 2017-18 FY

The amount collected is equivalent to a growth of 1.2 per cent compared to the same period in the fiscal year 2016/2017.

Tanzania: TRA collects 3.6trl/- in 1st quarter of 2017-18 FY

The amount collected is equivalent to a growth of 1.2 per cent compared to the same period in the fiscal year 2016/2017.

10 October 2017 Tuesday 14:38
Tanzania: TRA collects 3.6trl/- in 1st quarter of 2017-18 FY

By Azania Post Reporter

TANZANIA revenue authority (TRA) closed the first quarter of the 2017/18 financial year by collecting shillings 3.65 trillion, boosting government confidence to finance various economic activities.

According to the Authority’s Director of Taxpayers Services and Education Richard Kayombo said that the collection covers months of July to September this year.

The amount collected is equivalent to a growth of 1.2 per cent compared to the same period in the fiscal year 2016/2017.

Kayombo said in a statement that monthly collections for each of the first three months  show that in July 2017  the authority collected  shillings 1.1trillion ,  a total of  shillings 1.2 trillion which was collected in  August, while last month the figure went up to shillings 1.3 trillion

“TRA would like to acknowledge and thank all taxpayers and the general public for their continued compliance in paying taxes that enables the government to fulfil its responsibilities towards serving its citizens by delivering various social services and implementation of infrastructure projects,” the TRA statement said.

On another note, TRA reminded the business community to continue issuing electronic receipts through Electronic Fiscal Devices (EFDs) for every transaction and urge the general public to demand electronic receipts for every purchase since it’s the only way that enables it to obtain the correct sales information which forms a basis for fair tax assessments.

“I would like to remind the general public to verify the electronic receipts issued if they are genuine by checking the correctness of the date, amount paid and the product bought before leaving the premises,”emphasized Kayombo.

Meanwhile, TRA is also reminding all property owners to pay their property taxes at the earliest convenience to avoid long queues at the end of the financial as witnessed in June this year.

Operators of Gaming activities and casinos are also reminded to pay their taxes timely according to Gaming Act No. 41 and as per the Finance Act 2017.

Azania Post

Updated: 11.10.2017 09:59
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