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Over 1,920 traders use EFDs in Kagera

AT least 1,920 traders in Kagera Region registered by the Tanzania Revenue Authority (TRA), were using Electronic Fiscal Devices (EFDs), it has been disclosed.

Kagera Regional TRA Manager, Mr Adam Ntoga told the “Daily News” in an interview at his office that more efforts were being taken to identify and sensitise more business people to register and get EFDs.

He appealed for more efforts to ensure that more business people were registered and pay the right taxes.

He allayed fears noting that the advantage of using EFDs enabled a business person to keep proper records of his/ her business, which in turn enabled TRA to make correct tax assessment.

“EFDs enabled a business person to keep correct business records, and this in turn enables TRA to make correct tax assessment. The records can also enable him/ her to get loans from financial institutions,” he said.

However, he warned that it was an offence for a person with business annual turnover amounting14m/- to neglect using EFDs, adding that such offender was punishable to a fine ranging between 3m/- to 4.5m/-, or imprisonment of up to three years or both.

Similar punishment also applied to business people who tampered with EFDs, he said. He listed other offences to include operating a business without EFDs, a customer neglecting to collect a receipt, failure to submit tax returns to TRA and failure to inform TRA when the EFD was out of order.

Mr Ntoga insisted that paying the right tax is mandatory, because this enables the government to render the necessary social services, including health, education and other sectors.

BANK of Tanzania (BoT) yesterday said it is ...

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Author: DAILY NEWS Reporter

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