How Tanzania loses Sh3 trillion annually

Tanzania loses about Sh3 trillion ($1.87 billion) in tax revenue every year through cheating by dishonest companies in import and export transactions, a new study reveals.

>Research results show that the nation loses up to $1.25 billion (about Sh2 trillion) annually due to smuggling of minerals and gemstones as well as tax evasion.

-Nigeria and South Africa dominate the infrastructure market, but other countries like Ethiopia, Ghana, Kenya, Mozambique, and Tanzania are also poised for growth

-A substantial increase in spending in the basic manufacturing sector is expected in sub-Saharan Africa

-Transportation investment is expected to grow rapidly in South Africa over the coming decade, in particular in the road and rail subsectors

-Extraction spending in sub-Saharan Africa is projected to increase at 8% annually over...

Tanzania Revenue Authority’s attempt to collect $2.4million (about Sh3.8bn) tax from Wentworth Gas Limited flopped recently after a tax appeals board declared the move unlawful.

>Kenyan taxpayers are losing more than Ksh1.8 billion annually in salary payments to ghost workers in the Civil Service, a fresh audit of the public service payroll has revealed.

Africa loses up to $60 billion (Sh132 trillion) annually to Illicit Financial Flows (IFF), the African Union (AU) Advisory Board on Corruption said at its 18th meeting which wound up at Duluti Hall at Arusha International Conference Centre yesterday.

>It is the story of a man who starves in the midst of plenty simply because he does not know how eat. Consider this: Tanzania is in the top five countries in Africa with the best tourist attractions. Yet the number of tourists who visit the country yearly is just 11 percent of what South Africa recorded in 2013.

Tanzania: 10000 Elephants Killed Annually By Poachers
AllAfrica.com
Tanzania last week reiterated its call to the international community to ban trade on ivory and rhino products in order to counter the escalating poaching of the critically endangered animals. The leading markets of the animal trophies, notably China, Japan, the ...

Utafiti mpya umebaini kuwa Tanzania inapoteza zaidi ya Sh3 trilioni kila mwaka kutokana na ukwepaji kodi unaofanywa na kampuni za uchimbaji madini na katika uingizaji bidhaa na kuuza nje.