tax
Tax

Tanzanian authorities on Saturday began addressing taxation hurdles that had been forcing some business people to close their businesses and move to other countries.

Mwigulu Nchemba, the newly appointed minister for Finance and Planning, convened a meeting with the Treasury Registrar and the Tanzania Revenue Authority in the capital Dodoma, aimed at making tax collection friendly to business people.

The meeting came after President Samia Suluhu Hassan on Thursday urged revenue authorities to stop freezing bank accounts of business people and expand the tax base instead.

Nchemba told a news conference after the meeting that business people in the country should be protected as they are part of the major players in the country’s economic development.

“The businessmen should continue depositing their money in banks and nobody will be allowed to freeze their bank accounts,” the minister assured, saying tax collection should be done in a sober manner and not by freezing accounts belonging to businessmen or by closing down their businesses.

While urging for cultivating a culture of paying taxes for the benefit of the nation, Nchemba added that the meeting also addressed ways and means of broadening the tax base as directed by President Hassan, without revealing details. Enditem

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