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Labrish
Nyuuz
Tanzania’s digital tax tools unlock billions, fake goods flee
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[QUOTE="Munyaradzi Mafaro, post: 80669, member: 636"] Tax tech is apparently crushing it this year. The Tanzania Revenue Authority collected over 8.97 trillion shillings in the first quarter of the fiscal year, beating its target by six percent. This growth is linked to digital tools like Electronic Tax Stamps and the Fuel Marking Programme. These systems track goods from production to sale and verify fuel authenticity to stop tax leaks. The Energy and Water Utilities Regulatory Authority reports fuel compliance above ninety-six percent. The data from these programs lets TRA target inspections on high-risk areas like suspicious depots or districts with odd excise patterns. This focused approach improved recovery rates. Excise duty revenue from stamped products jumped by ninety-four percent since the ETS started in 2016. Other initiatives include a Smart Digital Activation System for manufacturers and the Hakiki App for consumers to check product legitimacy. These digital measures aim to secure revenue for national spending on infrastructure and social programs, while protecting legitimate businesses and building public trust in regulated goods. [/QUOTE]
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Labrish
Nyuuz
Tanzania’s digital tax tools unlock billions, fake goods flee
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