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Many Tanzanians lack awareness of how their tax contributions contribute to the development of their country. Rather than viewing tax payment as a means to support national progress, it is often seen as a mere obligation to the Tanzania Revenue Authority, a perspective that Finance Minister Mwigulu Nchemba finds concerning.
Speaking at the 2024 Tax and Investment Forum at the Julius Nyerere International Conference Center (JNICC) in Dar es Salaam, Dr. Nchemba highlighted the challenge posed by this mindset, leading to difficulties in effective tax collection due to the avoidance of electronic systems by many business owners.
The Minister pointed out that traders frequently cite a “poor system” as a reason for not issuing electronic receipts, hindering tax compliance.
Dr. Nchemba underscored the significance of tax payments for national development, emphasizing that taxes are intended for the overall advancement of the nation, not solely for the benefit of the Tanzania Revenue Authority (TRA), as commonly perceived.
He stressed the importance of increasing public awareness and participation to address economic growth challenges and enhance domestic revenue collection. Dr. Mwigulu emphasized that providing receipts should not be viewed as a discount but as a contribution to the country’s development.
Additionally, he mentioned that the forum would delve into discussions on global economic trends and their impact on Tanzania’s economy.
The two-day event, graced by Vice President Dre Philip Mpango as the official guest of honor, has brought together government officials, stakeholders, and members of the business community in Dar es Salaam to address these critical issues.
