Tanzania Revenue Authority to tax Kariakoo small traders

Tanzania Revenue Authority to tax Kariakoo small traders

Tanzania Revenue Authority (TRA) has come up with a new campaign to intensify revenue collection in Kariakoo during the end of the year and festive season.

Kariakoo is the busiest trading centre in Dar es Salaam, which attracts both local and foreign buyers and sellers, and the taxman wants to ensure everyone doing business in that area, regardless of the size of the business, must be registered and given the Taxpayer Identification Number (TIN).

The new campaign will involve the registration of small traders so that they start using the Electronic Fiscal Devices (EFDs) and the placement of posters inside the market with messages encouraging the issuance of receipts after selling every item.

TRA’s Kariakoo branch now seeks to collect Sh19.5 billion in taxes this month through the campaign, which also emphasizes issuing valid receipts.

“We have decided to come up with this strategy because there are traders who deliberately avoid paying taxes and instead use small traders (Machinga) to sell their products. If you look at it in reality, you will find that the sales by those Machingas are more than Sh4 million—the minimum amount of sales required to pay tax,” said the Kariakoo regional manager, Mr Alex Katundu.

Mr Katundu added that the government has decided that every person doing business in that area whose annual sales reach Sh4 million must start using EFD.

It is reported that more people from across East and Central Africa flock to Kariakoo to buy various items during the festive season.

Mr Katundu said the Kariakoo tax region has registered a total of 5,370 small traders in the current financial year in the Kariakoo area.

“We educate them on the importance of formalizing their business,” he said.

Speaking to The Citizen yesterday, a small trader, Ms Gaudensia Chuwa, who sells clothes, said she decided to formalize her business to enable her to get various opportunities, such as loans.

“Many small business operators refuse to register their businesses because they don’t want to pay taxes, but if the business grows, you won’t stay in the same group, so paying taxes is inevitable,” she said.

Another small trader, Mr Lazaro Mambo, said that during the Christmas season, customers demand receipts, so he decided to formalize it to avoid the inconveniences.

“Business here in Kariakoo has just started this week. People from different countries want to buy clothes and shoes,” he added.

Original Media Source

Share this news

Facebook
Twitter
LinkedIn
WhatsApp

This Year’s Most Read News Stories

European Union Bans Air Tanzania Over Safety Concerns
Tanzania Foreign Investment News
Chief Editor

European Union Bans Air Tanzania Over Safety Concerns

European Union Bans Air Tanzania Over Safety Concerns

Kampala — The European Commission added Air Tanzania to the EU Air Safety List, banning the airline from operating within European Union airspace. This decision follows the denial of Air Tanzania’s Third Country Operator (TCO) authorization by the European Union Aviation Safety Agency (EASA), citing significant safety deficiencies.

The EU Air Safety List includes airlines that fail to meet international safety standards. Commissioner Tzitzikostas emphasized the importance of passenger safety, stating: “The decision to include Air Tanzania in the EU Air Safety List underscores our unwavering commitment to ensuring the highest safety standards. We strongly urge Air Tanzania to take swift action to address these safety issues. The Commission has offered its assistance to Tanzanian authorities to enhance safety performance and achieve compliance with international aviation standards.”

Air Tanzania joins several African airlines banned from EU airspace, including carriers from Angola, the Democratic Republic of Congo, Sudan, and Kenya. Notable names include Congo Airways, Sudan Airways, and Kenyan carriers Silverstone Air Services and Skyward Express. The ban reflects the EU’s strict approach to aviation safety worldwide.

Source: allafrica.com

Continue Reading