President Samia Opens DSM Trade Fair Amidst Tax Disputes

President Samia suluhu hassan has officially launched Opens Dar es Salaam Trade Fair Amidst Tax Disputes President Samia Suluhu Hassan officially opened the 48th Dar Es Salaam International Trade Fair (DITF) yesterday, focusing on investment milestones and economic growth while avoiding the current tax disputes between the Revenue Authority and the business community.

In her remarks, President Samia highlighted the remarkable $5.68 billion in investments recorded by the Tanzania Investment Centre (TIC) in the previous year, praising the country’s efforts to attract foreign investment. However, she did not address the ongoing concerns from wholesale traders and foreign investors regarding tax contentions with the Revenue Authority.

The State House announced late Tuesday the appointment of Yusuph Juma Mwenda as the new Commissioner General of the Revenue Authority, shifting from his previous role at the Zanzibar Revenue Authority (ZRA). This change aims to enhance the efficiency and responsiveness of the Revenue Authority amidst increasing pressures and disputes from the business sector.

In a cabinet reshuffle accompanying the appointments, Dr. Ashatu Kijaji was moved to the Vice President’s Office (Union and Environment), with Dr. Selemani Jafo taking over the Ministry of Industry and Trade. This strategic move is expected to align the ministries more closely with President Samia’s economic vision and address the trade and industrial challenges facing the country.

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President Samia, alongside Mozambican President Filipe Jacinto Nyusi, who was the chief guest at this year’s DITF, underscored the importance of regional cooperation and investment. President Nyusi’s presence highlights the strengthening ties between Tanzania and Mozambique, fostering bilateral trade and investment opportunities.

Despite the president’s silence on the tax disputes, the business community remains vocal. Traders and foreign investors have expressed concerns over the Revenue Authority’s aggressive tax collection practices, which they claim are stifling business growth and deterring potential investments. The new leadership at the Revenue Authority is anticipated to address these issues, ensuring a more business-friendly environment.

The DITF continues to be a significant platform for showcasing Tanzania’s economic potential and attracting international investors. The fair features a diverse range of exhibitors from various sectors, including manufacturing, agriculture, and technology, reflecting the country’s economic diversity and growth ambitions.

While the president focused on the positive investment figures and cabinet reshuffles aimed at driving economic growth, the underlying tax disputes with the Revenue Authority remain a critical issue for the business community. The new appointments and strategic shifts in the government are expected to address these concerns and create a more conducive environment for business and investment in Tanzania.