Traders want government bodies to make payments for supplies within 60 days
Tanzania, Aug. 13 -- Tanga. Businesspeople in Tanga Region have urged the government to introduce a mandatory 60-day deadline for public institutions to settle its bills, arguing that prolonged payment delays constrain cash flow, production, investment and tax compliance.
The proposal was made yesterday, during a stakeholder engagement forum organised by the Tanzania Revenue Authority (TRA) headquarters to sensitise the business community on tax law amendments introduced for the 2026/27 financial year.
Speaking at the meeting, Tanzania Business Community (TBC) deputy secretary-general, Mr Ismail Masoud, stressed the importance of continuous tax education, saying traders needed to understand recent legislative changes to comply with thei...
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