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Increasing tax revenues: Major Tanzania tax reforms in offing.

Increasing tax revenues: Major Tanzania tax reforms in offing

Taxation

Dr LikwelileMajor tax reforms are in the offing as government searches for alternative longterm solutions to boost its tax revenue collections during the 2016/17 fiscal year and years to come. Overtime, the current tax system has been widely criticized as flawed with excessive tax exemptions, over reliant on indirect taxes and largely dependent on a small tax base. The system has also been criticized as vulnerably exposed to tax avoidance and evasion.

In a public advert issued by the Ministry of Finance, the government was now seeking stakeholder participation and contribution of suggestions to improve the current tax system and the overall fiscal policy. More can be read via:http://www.gepc.or.tz/?post_type=work&p=653


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