Wednesday, September 7, 2016

Good job for TRA as it surpasses monthly target

THE Tanzania Revenue Authority (TRA) has surpassed its revenue collection target for the last August, garnering 1.158 trillion/- against the target of 1.152 trillion/- for the period. The amount collected has exceeded the target by 100. 57 per cent, noting that the same period last year the taxman had collected only 923bn/-. TRA Spokesperson Richard Kayombo said in a statement in Dar es Salaam early on Monday this week that the success was part of the strategies the tax man has laid down to ensure that it meets its target for this year. “The good strategies that the TRA had put together with the government, have already started showing achievements as for the last August all deserved revenues were collected,” he said, adding that TRA has plans that would enable it expand sources of revenue collections. Some of the measures include making the busy Kariakoo market as special tax region since the area was regarded as business hub. To achieve this, Mr Kayombo said, the taxman would ensure that every trader in the area has the Electronic Fiscal Devices (EFDs) and uses them properly. He noted that to make it happen, they have ensured that all EFDs agents in the area have opened up a joint office at Al-Falah Towers located at Msimbazi area. The move was to facilitate availability of the gadgets and address the challenges that were facing the traders in using them. Meanwhile, Mr Kayombo called on businesspeople and the general public with the Taxpayer Identity Number (TIN) in Dar es Salaam to show up in the current exercise to verify their TINs before October 15, insisting that there would be no extension of the period for the region

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