Friday, June 28, 2024

GOVERNMENT TO REDUCE THE NUMBER OF FEES AND TAXES



The government has stated that in 2017, in collaboration with various business stakeholders, it issued a joint guideline aimed at consolidating various fees and taxes to reduce their number, with the intention of improving the investment and business environment in the country.

This was explained in parliament, in the city of Dodoma, by the Deputy Minister for Finance, Hon. Hamad Hassan Chande (MP), while responding to a question from the Member of Parliament for Mpendae, Hon. Toufiq Salim Turky, who asked what plans the government has to ensure tax consolidation to reduce the unnecessary burden of taxes on investors.

Hon. Chande said that this plan has been effectively implemented through various amendments to the Finance Act from 2018 to 2023, by reducing and eliminating various taxes and fees.

"The government will continue to ensure that the agreements reached with stakeholders are completed as planned to improve the business environment in the country," said Hon. Chande.

Hon. Chande elaborated that the government's direction is to integrate all systems to reduce the number of taxes, fees, and inconveniences for businesspeople, and once these systems are completed, information will be provided to the public.

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