DAR ES SALAAM: TAX collections for the first half of the 2023/24 have increased by 11.5 per cent comparing to the corresponding period in the last financial year.

A record breaking trend was set last December after the revenue authority collected 3.05tri/-, equivalent to 102.9 per cent, setting a new record since TRA's establishment.

In its report released on Monday, the Tanzania Revenue Authority (TRA) managed to collect 13.9tri/- in the period between July and December in the 2023/24, which is a performance of 97.98 per cent of the targeted 14.21tri/-. In the corresponding period last year, the taxman collected 12.49tri/-. 

TRA Commissioner General Alphayo Kidata said in the statement that collection for December, 2023, was 3.05tri/-, equivalent to 102.9 per cent, an amount that has never been reached since TRA's establishment.

"In the month of December, the TRA managed to break a record of making highest collection since its establishment," the statement said.

The monthly collection for the last six months are July (1.9tri/-), August (2tri/-), September (2.6tri/-), October (2.1tri/-), November (2.1tri/-) and December (3.05tri/-).

Comparing to the same period in the previous financial year, the monthly collections increased by an average of 11.5 per cent.

Commissioner General attributed the achievements to efforts by the authority in practically implementing directives and various guidelines given by the President Dr Samia Suluhu Hassan and other government leaders. Source: Daily News