How ETS has enhanced tax compliance
THE Electronic Tax Stamp (ETS) system introduced by the Tanzania Revenue Authority (TRA) in the past three years has enhanced tax compliance and mechanism to cover all traders in the segment by creating an equal playground, it has been said.
TRA’s Project Manager for ETS, Mr Innocent Minja told the ‘Daily News on Saturday’ in an interview that the main objective of rolling out the ETS three years ago was to safeguard the government’s revenue.
“We had a huge challenge on compliance, especially low level of voluntary tax compliance. Historically, we had to station officers to monitor production and ensure the manufacturers declare the true production volumes. However, it was a chaos and a new solution was needed,” Mr Minja said.
He added that among manufacturers, some were not honest and under declared their production data and thus created unfair competition with the honest ones.
According to him, the ETS system has in the three years enhanced tax compliance and mechanism to cover all traders in the segment by creating an equal playground and enhancing fair competition.
“This has led every manufacturer of the selected products to pay taxes fairly,” he said.
The installation of the ETS has ensured that TRA obtains production data on timely basis (real time) from the manufacturers.
“This was because of the excise duty, which is levied upon production of specific goods, therefore knowing the actual production is very critical in revenue collection.” Mr Minja noted.
He further said that, the introduction of ETS came with high technology security features, electronic means that simplified the administration of taxpayers in the country.
“It created transparency in assessing taxes especially Excise Duty, Value Added Tax (VAT) and Corporate Tax, which ultimately minimises tax payers’ complaints,” Mr Minja said.
The installation process, he said, is a continuous as factories increase their levels of automation.
“We have already installed the ETS system for all eligible manufacturers of specified goods. About 135 equipment have been installed to the fully automated factories while others (semi-automated and manual factories) are using the system manually,” he said.
But much as the attention has been on the installation the ETS has become a savior to manufacturers and importers of the selected products.
The system also enables manufacturers to get the quantity of products that were being imported into the market, a vital step that informs local manufacturers on what they should do to protect their products from imports.
“This system has increased transparency, and for now, manufacturers and importers of selected products are assured that everyone is paying a correct tax and now their competition is on other things contrary to before the ETS system.
“The ETS is not only about tax projections. It also helps the manufacturers to get precise information about his production volume and time spent on producing it. It also helps them to know challenges associated with its production processes,” he said.
Mr Minja noted that, despite the positive strides, TRA had on many occasions dealt with manufacturers and importers who use counterfeit stamps.
“We urge manufacturers, importers and public at large, to use the system genuinely and avoid the use of counterfeited stamps because TRA is much into this and the enforcement campaigns are ongoing everywhere in the country,” he stressed.
According to him, they carry out regular enforcement campaigns in each region to educate business people on how to authenticate the stamps.
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Right now it sounds like Drupal is the best blogging platform out there right now. (from what I’ve read) Is that what you’re using on your blog?
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Hey I know this is off topic but I was wondering if you knew of any widgets I could add to my blog that automatically tweet my newest twitter updates. I’ve been looking for a plug-in like this for quite some time and was hoping maybe you would have some experience with something like this. Please let me know if you run into anything. I truly enjoy reading your blog and I look forward to your new updates.
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Hey I know this is off topic but I was wondering if you knew of any widgets I could add to my blog that automatically tweet my newest twitter updates. I’ve been looking for a plug-in like this for quite some time and was hoping maybe you would have some experience with something like this. Please let me know if you run into anything. I truly enjoy reading your blog and I look forward to your new updates.
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At this time it appears like Drupal is the top blogging platform out there right now. (from what I’ve read) Is that what you are using on your blog?
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Hey I know this is off topic but I was wondering if you knew of any widgets I could add to my blog that automatically tweet my newest twitter updates. I’ve been looking for a plug-in like this for quite some time and was hoping maybe you would have some experience with something like this. Please let me know if you run into anything. I truly enjoy reading your blog and I look forward to your new updates.
Greate post. Keep posting such kind of info on your blog. Im really impressed by your site.
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Aw, this was a really good post. Taking a few minutes and actual effort to make a really good article… but what can I say… I hesitate a lot and don’t seem to get nearly anything done.
Aw, this was a very good post. Taking a few minutes and actual effort to make a great article… but what can I say… I procrastinate a whole lot and don’t manage to get nearly anything done.
Wow that was unusual. I just wrote an really long comment but after I clicked submit my comment didn’t appear. Grrrr… well I’m not writing all that over again. Regardless, just wanted to say great blog!
Wow that was unusual. I just wrote an incredibly long comment but after I clicked submit my comment didn’t appear. Grrrr… well I’m not writing all that over again. Anyways, just wanted to say great blog!
Wow that was odd. I just wrote an incredibly long comment but after I clicked submit my comment didn’t show up. Grrrr… well I’m not writing all that over again. Anyways, just wanted to say fantastic blog!
Wow that was odd. I just wrote an extremely long comment but after I clicked submit my comment didn’t appear. Grrrr… well I’m not writing all that over again. Regardless, just wanted to say fantastic blog!
At this time it looks like WordPress is the top blogging platform out there right now. (from what I’ve read) Is that what you’re using on your blog?
May I simply say what a relief to uncover a person that really understands what they’re talking about on the web. You actually know how to bring a problem to light and make it important. More and more people ought to check this out and understand this side of your story. It’s surprising you aren’t more popular since you surely possess the gift.
Wow that was odd. I just wrote an really long comment but after I clicked submit my comment didn’t show up. Grrrr… well I’m not writing all that over again. Anyway, just wanted to say fantastic blog!
Greate article. Keep posting such kind of info on your blog. Im really impressed by your blog.
Can I simply say what a relief to discover somebody who genuinely knows what they’re talking about on the web. You certainly understand how to bring a problem to light and make it important. More and more people should look at this and understand this side of your story. It’s surprising you are not more popular since you surely have the gift.
Wow that was unusual. I just wrote an really long comment but after I clicked submit my comment didn’t appear. Grrrr… well I’m not writing all that over again. Anyhow, just wanted to say superb blog!
At this time it looks like Movable Type is the best blogging platform out there right now. (from what I’ve read) Is that what you are using on your blog?
Currently it looks like Movable Type is the best blogging platform available right now. (from what I’ve read) Is that what you are using on your blog?
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Wow that was unusual. I just wrote an really long comment but after I clicked submit my comment didn’t appear. Grrrr… well I’m not writing all that over again. Anyway, just wanted to say wonderful blog!
May I simply say what a comfort to discover an individual who actually knows what they are talking about online. You actually realize how to bring an issue to light and make it important. More and more people have to check this out and understand this side of the story. It’s surprising you aren’t more popular given that you certainly have the gift.
Can I simply just say what a comfort to uncover an individual who truly understands what they are discussing over the internet. You definitely realize how to bring an issue to light and make it important. More and more people really need to look at this and understand this side of your story. It’s surprising you aren’t more popular given that you certainly possess the gift.
At this time it seems like Expression Engine is the best blogging platform available right now. (from what I’ve read) Is that what you’re using on your blog?
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