The Tanzania Revenue Authority (TRA) on Thursday said that the nation is currently making major strides towards being self-reliant in funding its own budgets.
Jeremiah Mbagi, TRA manager in charge of large taxpayers department, made the remarks during the tax education workshop organized by the TRA involving more than 30 large taxpayers in the Northern Zone regions of Arusha, Manyara, Kilimanjaro and Tanga.
He said that the situation has been contributed by a number of factors such as tax reforms made by the Tanzanian government and vigorous awareness campaign on tax compliance.
Mbagi said that at the moment more than 60 percent of the country’s budget comes from domestic sources, with the rest supplemented by loans and grants.
But if the current trend of voluntary tax payment from business entities continues, he said, Tanzania will be in a better position to be self-reliant in funding its own budgets. Enditem