TANZANIA REVENUE AUTHORITY

Similar documents
TANZANIA REVENUE AUTHORITY TANZANIA EXPERIENCE AND CHALLENGES

TAXATION AND AID FOR DOMESTIC RESOURCE MOBILIZATION (D.R.M.) AID: HELPING OR HARMING DOMESTIC RESOURCE MOBILIZATION IN AFRICA

MADISON GENERAL INSURANCE COMPANY (Z) LIMITED (MGen) EXPORTING INSURANCE SERVICES TO TANZANIA: EXPERIENCE AND CHALLENGES

CYBER SECURITY IN TANZANIA COUNTRY REPORT

IMPLICATIONS OF OVERLAPPING MEMBERSHIP ON THE EXPECTED GAINS FROM ACCELERATED PROGRAM FOR ECONOMIC INTEGRATION (APEI)

PROJECT PREPARATION GRANT (PPG) APPLICATION FORM-3

a growing market in an appealing business context with NO local competitors Wire and Cable Manufacturing in Rwanda

Economic and trade policy overview by Taku Fundira, tralac Researcher

1) Human Resource Management Certificate Course. 2) Procurement Management Certificate Course. 3) Marketing Certificate Course

How To Help The Republic Of The Maldives

Monthly Report PERFORMANCE OF THE ECONOMY. April 2016 MACROECONOMIC POLICY DEPARTMENT MINISTRY OF FINANCE, PLANNING AND ECONOMIC DEVELOPMENT

Follow-Up of IMF Mission Recommendations by the Iranian National Tax Administration

EMRC Africa Finance & Investment Forum Innovative Solutions to Increase Access to Finance :

SPEECH BY MINISTER OF FINANCE MR NHLANHLA NENE. South Africa s tax system and the tax reform agenda for 2015 and beyond BER Conference

Procurement and Logistics Service. Overcoming the challenges and complexities of international business

FINANCIAL INCLUSION A CASE FOR KENYA 1

UNITED REPUBLIC OF TANZANIA TANZANIA INVESTMENT CENTRE INVESTMENT CLIMATE AND OPPORTUNITIES IN TANZANIA

TANZANIA REVENUE AUTHORITY TAXATION IN TANZANIA

LINk Lusophone Investment Network. Leveraging business in the Portuguese-speaking world

Regional Project Manager

BUSINESS FINANCING IN TANZANIA (CHALLENGES & OPPORTUNITIES)

KENYA READY FOR TAKE OFF?

CIMA SALARY SURVEY Ghana

Striving for Good Governance in Africa

best practice guide 7 Best Practices to Make Telecom Expense Management Work for Your Business

Oman 20/20 vision 16 Deloitte A Middle East Point of View Fall 2013

Budget February 2014

Tax System Challenges in the 21 st Century

DOING BUSINESS IN AZERBAIJAN

Unlocking Broadband for All:

Policy Paper 12. Education for All Global Monitoring Report. Increasing tax revenues to bridge the education financing gap

COMMUNICATION FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT AND THE COUNCIL. on tax transparency to fight tax evasion and avoidance

Revenue s Data Strategy

Islamic Finance in Africa

Distance to frontier

PUBLIC SECTOR CASE STORY TEMPLATE

A New Model for development: USAId MANAgeMeNt & process reform JUNe 2014

Alumni Forum Sydney, Australia 22 May EVENT SUMMARY

The Rwandan Revenue Authority Project

FSS 2020 International Conference Human Capital Group Presentation

The Education for All Fast Track Initiative

EDUCATION AND SCHOOLS

Busiest ports. Asian Tiger. Business friendly. Highest Trade/GDP Ratio. 4 th biggest financial centre

EABC MONTHLY E-NEWSLETTER

Business Plan. Executive Summary UK Shared Business Services Ltd

Hungary. 1. Economic situation

TELECOMMUNICATIONS SERVICE PROVIDERS ASSOCIATION OF KENYA

Governance, Risk and Compliance Assessment

Global Services Forum. Servicification, Trade Facilitation: A Policy Agenda for Africa CONTRIBUTION. From

Rwanda: fostering prosperity by promoting entrepreneurship

AFRICAN ECONOMIC CONFERENCE 2013

OF CPAB INSPECTION FINDINGS

Factoring in Africa: Opportunities and challenges

advisory council INVESTMENT LEADERS SUPPORTING REGIONAL ECONOMIC INTEGRATION IN AFRICA An initiative supported by:

Overview of the OECD work on transfer pricing

Africa Business Forum December 2014

REPORTING, MONITORING AND ELIMINATING MECHANISM MEETING TO LAUNCH THE SMS REPORTING TOOL

Dialogues for creating a collective platform of business cooperation between Brazil and Nigeria.

THE TAXATION SYSTEM IN ZAMBIA FINAL REPORT WISDOM M. NHEKAIRO

VACANCY SENIOR IT CONSULTANT

Presentation at the EAC Legal Harmonization Conference 6 th & 7 th August 2012 Ngurdoto Mountain Lodge Arusha, Tanzania

Allow me to point out ten ways this can be done.

PART 2 OF A REPORT TO G20 DEVELOPMENT WORKING GROUP ON THE IMPACT OF BEPS IN LOW INCOME COUNTRIES 13 AUGUST 2014

Kenya Listed Commercial Banks Cytonn Q1 Banking Sector Report Abridged Version. 29 th June, 2015

MAPPING AND SCOPING OF CAPACITY DEVELOPMENT INITIATIVES AND INTERVENTIONS OF AFRICA S REGIONAL ECONOMIC COMMUNITIES

Fifty years of Australia s trade

Contents. Introduction EAGC, EAGC Key Programs & Activities EAG Partnerships & Support Policy Dialogue & Risk Management Approaches Recommedations

Welcome to RAKIA. The Land of Business Opportunities

Grain Trading Systems and Market Information

EXPLORING AND UNLOCKING AFRICA S ENERGY POTENTIAL February 2016 Sandton Convention Centre Johannesburg

Overview of GFSI and Accredited Certification

AID FOR TRADE: CASE STORY

LOCAL REVENUE GENERATION: UGANDAN EXPERIENCE

Topics. v PFM cycle; as per PFMR ( ) v PFM reforms in kenya focus on accounting and IFMIS; v Accounting Standards applicable in Kenya;

East Africa at a glance

KIGALI DECLARATION ON THE DEVELOPMENT OF AN EQUITABLE INFORMATION SOCIETY IN AFRICA

PROJECT INFORMATION DOCUMENT (PID) ADDITIONAL FINANCING Report No.: PIDA Project Name Parent Project Name. Region Country

Objectives, Achievements, Challenges and Opportunities

Protection Policy Statement

NATIONAL TREASURY STRATEGIC PLAN 2011/14

Africa-China trading relationship

Growth promotion through industrial strategies in Zambia

Asset Management Strategy ( ) Doing things Differently A New Approach for a sustainable future

Trading Policy and Georgian Export

How Does Your Organisation Measure Up? Salary Survey

Tax Administration reforms - recent trends and developments

REVENUE HOUSE 16 SOKODE CRESCENT, WUSE, ZONE 5 PMB 33, GARKI ABUJA

CIMA SALARY SURVEY Australia

DIGITALEUROPE and European Services Forum (ESF) response to the Draft Supervision Rules on Insurance Institutions Adopting Digitalised Operations

The National Development Plan 2030: Implications for Project Managers. 16 September 2013 Dr. Bridgette Gasa

Africa s external and intra-regional trade

Transcription:

REFORMS RELATING TO TAX, GOVERNANCE AND NSPARENCY IN TANZANIA BY RISHED M. BADE ACTING COMMISSIONER GENERAL at the Diplomatic Dialogue for High Commissioners and Ambassadors from Africa at the House of Lords on 4 March 2013

SCOPE 1.0 Introduction 2.0 Fourth Corporate Plan 3.0 Tax Administration Reforms in Tanzania 4.0 Subsequent achievements reported 5.0 Incentive for Investment in Tanzania 6.0 Challenges 4.0 Strategies for Resource Mobilisation 5.0 Conclusion

About Tanzania Tanzania borders Kenya, Uganda in the north, Rwanda, Burundi and DR Congo in the west, Zambia, Malawi and Mozambique in the south. Main export Gold, followed by Cotton, Tobacco, Coffee, Tea, and Sisal. Recent discoveries of huge gas reserves has boosted Tanzania s visibility in the international arena with entrance of multinational Oil and Gas companies. Population, mid-year (millions) 46.2 GDP (US$ billions) 33.9 Gross capital formation/gdp 36.7 Exports of goods and services/gdp 31.1 Gross domestic savings/gdp 17.5 Gross national savings/gdp 20.6 Current account balance/gdp -9.3 Source: World Bank: Tanzania at a Glance

1.0 INTRODUCTION was established under Act cap 399 and became operational in July 1996 with the following functions: a) Assess, collect & account for Govt Revenue b) Administer revenue laws c) Advise Govt on fiscal policy d) Promote voluntary tax compliance e) Improve quality of service f) Counteract Fraud tax evasion g) Produce trade statistics and publications

1.0 INTRODUCTION (Cont d) Reform Agenda strategic plans in is implemented through five-year The Strategic Plan in force now is fourth, The CP4 is built on achievements gained in CP3 and the desire to address challenges for continual improvement Vision, Mission and Core Values summarize the strategic focus of the Fourth Corporate Plan

2.0 Fourth Corporate Plan Overview cont d Mission, Vision, Core Values Vision: To Increase revenue to GDP ratio to 19.9% by 2018 Improve efficiency Widen the tax net: (informal sector, specialized sectors mining, oil, gas telecom, tourism, construction, real estate, financial sector) Mission Statement: Core Values: We make it easy to pay tax and make lives better Ensure simplified and transparent processes Easy access to services Increased compliance hence Increased revenue collection Accountability organisation that values and promotes accountability Integrity fair and honest in dealings with stakeholders Professionalism apply law fairly and consistently using our knowledge 6

2.0 Fourth Corporate Plan Overview cont d Strategic Themes: common direction to achieve objectives Convenience: Deliver cost efficient, consistent and reliable taxpayer services Streamlining of processes; automation; self service options * Req: A culture and practice of efficiency, transparency & accountability Compliance: Taxpayer segmentation for optimal resource allocation based on risk Comprehensive taxpayer compliance strategy; service & education pgms * Req: A culture of high quality service delivery Continual Improvement: is a dynamic organisation, always changing for the better New ideas, innovation, sharing of information to improve performance * Req: A culture that is receptive to change 7

3.0 Tax Administration Reforms 3.1 Integration of operations has moved over time from a tax-type to functional tax administration Taxpayer Segmentation started in 2001 with introduction of Large Taxpayers Office Handles 450 taxpayers Contributes 71% of domestic Revenue collections VAT and Income Tax Department integrated into Domestic Revenue Department in 2005 Handles small and medium taxpayers Contributes 29% of domestic revenue

3.0Tax Administration Reforms... 3.2 Other Administrative Reforms Greater emphasis placed on service to taxpayers Tax laws and regulations simplified. The East African Cooperation Customs Management Act adopted Staff competence, motivation and accountability addressed through: a revision of staff remuneration; the introduction of a balanced scorecard performance management system; strengthening of the Institution of Tax Administration (a training academy); implementation of annual training plans; and the introduction of a code of conduct and anti-corruption strategy. Automation of all key processes and introducing e-filing and e-payment Implementation of a quality management system (ISO 9001:2008).

4.0 Subsequent achievements reported Revenue collection performance improved significantly Revenue collection moved from USD 400m per annum in 1998/99 to USD 6bn in 2013/14 Revenue as Percentage of GDP increased from 9.5% to now 17% A more transparent tax reform process Taskforce to review new tax measures includes private sector members Use of Electronic Fiscal Devices to better promote compliance Automation has enabled to connect its systems with business community for effective monitoring of taxpayer sales Greater emphasis placed on service to taxpayers with the introduction of : Taxpayers Charter, a taxpayer service center, a stakeholder s forum and a Taxpayer Appreciation Day

4.0 Subsequent achievements reported Revenue Mobilisation 9,000,000.00 8,000,000.00 7,000,000.00 6,000,000.00 5,000,000.00 4,000,000.00 3,000,000.00 2,000,000.00 1,000,000.00 - Actual Collection Actual Collection Income tax withheld at source (PAYE) and other withholdings contributes around two-thirds of total income tax; with corporate income tax contributing roughly one-third Excises contribute roughly 20 percent of total tax revenue, with the greatest share attributable to excises on petroleum imports VAT contributes nearly 30% of total revenue collection Revenues collection from international trade (custom duty, excise and VAT on imports ) contributes roughly 40% of the total revenues.

5.0 Incentive for Investment in Tanzania Tanzania investment attractions investments is due to:. Strategic Location Attractive Investment Regime Investment Incentives Investment Guarantees Plenty of Natural Resources High Growth Potential Memberships of Bilateral Trade Agreements Public Private Partnerships Export Processing & Special Economic Zones Magnificent Business and Leisure Destinations Key facilitation players are Tanzania Investment Centre Export Process Zone Authority (EPZA) Tanzania Revenue Authority Incentives given in the form of Tax, trade and Investment facilitation.

6.0 CHALLENGES Broadening the Tax Base Changing of Staff mindset and Staff Integrity ICT infrastructure Auditing of Specialised Sectors Putting in place a modern regulatory tax regime and revenue management framework for oil and gas Formalisation of the Informal economy Government budgetary expansion that require frequent review of tax laws to increase revenues to fund growing budget Fall in commodity prices

7.0 STEGIES Enhancing Audit Capacity in specialized sectors Enhancing communication and and with external agents exchange of information within Improving classification & valuation of Customs Data Strategies to minimise tax evasion through increasing compliance checks Adequate preparation for new upcoming legislations: New VAT Act Tax Administration Act Annual Budgetary Review Measures

8.0 CONCLUSION will continue to implement its core function of collecting and accounting of Government revenue is committed to improve domestic resource mobilisation to enable the Government fulfil its social obligations is determined to make Tanzania self sufficient in terms of budgetary requirements and reduce Development Partner Assistance is committed to creating a workable partnership with the private sector in balancing revenue mobilization and economic growth