Border taxes deliver one third revenue
DAR ES SALAAM, July 3 -- TAXES collected on imported goods contributed more than one-third of government tax revenue between October and April, highlighting the growing importance of border collections in financing public expenditure.
According to the Bank of Tanzanias latest Government Budgetary Operations report, taxes on imports generated 7.21tri/- during the seven-month period, representing about 35.7 per cent of the 20.19tri/- collected in total tax revenue. Overall government revenue, including non-tax receipts, amounted to 23.40tri/-.
The figures point to the continued importance of imports including fuel, machinery, industrial raw materials and consumer goods as a source of government revenue, even as authorities pursue measures...
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