Renovating Institute of Tax Administration needs 67bn/

Tanzania needs to continue strengthening its tax reforms and administration to enable corporate organisations to pay taxes, it has been suggested.

The Institute of Tax Administration (ITA) needs at least Sh67 billion to expand its infrastructure in order to meet the growing demand.

President Jakaya Mrisho Kikwete with Reasearch fellow and Senior Lecturer at the Muhimbili University of Health Sciences, Dr Julie Makani (left) and Prof. Mwaikambo during his familiarisation tour of the National Institutes of Health (NIH) in Washington DC July 2, 2014.President Jakaya Mrisho Kikwete speaks with members of the National Institutes of Health (NIH) in Washington DC during a familiarisation tour of the NIH, reputedly the largest hospital and reasearch facility in the world July...

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In our last article we noted that tax planning is an arrangement of one’s financial affairs in such a way that, without violating in any way the legal provisions, full advantage is taken of all tax exemptions, deductions, concessions, rebates, allowances and other reliefs or benefits permitted under the tax laws so that the burden of taxation on the taxpayer is reduced or minimised.

“You can see how this number is big and bad enough is that these producers are not entitled to pay any tax” Robert Jarrin, Senior Executive, Sabmiller East Africa