The Tax Reforms Commission in Tanzania is set to tackle complaints about weaknesses and malpractices in tax administration, highlighted by domestic and foreign investors earlier this year. Led by former State House chief secretary Ombeni Sefue, the nine-member team will review the country’s taxation regime, disparities in tax rates, fines for non-compliance, and transparency in tax collection by the Tanzania Revenue Authority. The commission aims to balance the interests of taxpayers and tax collectors while maintaining an investor-friendly environment.
Despite no set deadline, the team faces challenges due to recent changes in key government officials who were involved in talks with traders over tax issues. The commission’s formation stems from rising discontent, particularly seen during trader strikes and investor grievances over TRA’s conduct. With a record revenue collection announced by TRA, the commission’s task is crucial amidst efforts to meet annual revenue targets and cover a significant portion of the country’s expenditure through domestic financing. Stay tuned for updates as the commission works to address tax administration challenges in Tanzania.
Source link