ZRA make admirable revenue collection in nine months
ZANZIBAR: THE Zanzibar Revenue Authority (ZRA) has made a remarkable revenue collection of 559.485bn/- in the period from July 2023 to March 2024, surpassing the estimated 536.209bn/- target.
ZRA Commissioner General Mr Yusuph Juma Mwenda, explained this here on Wednesday through a press statement circulated to various media houses.
“We are happy to have beaten and exceeded the target by 24.53 per cent. The collection is 104.34 per cent,” he noted in the statement.
Mr Mwenda said that for the first time, ZRA has succeeded in breaking the record of exceeding the collection target for every month within nine months of the financial year 2023/2024 (July 2023 to March 2024.
He said that the increase in revenue collection was attributed to efficiency in ZRA and other various factors, including growing big investments in infrastructures.
“Increasing tax voluntary compliance among taxpayers, improving provision of better social services, reforms in policies and laws regarding tax payment, led to economic growth,” Mr Mwenda said.
“President Hussein Mwinyi has been doing a lot in regard to improving revenue collection and this is another reason for significant rise in revenue collection,” he pointed out.
He added that increasing efforts to provide tax education and introducing and improving the use of Virtual Fiscal Management System (VFMS) and Zanzibar Integrated Domestic Revenue Administration System (ZIDRAS) tax collection systems were crucial in improving tax base.
“Strengthening cooperation with other institutions including the Tanzania Revenue Authority (TRA), the tourism commission, immigration, and good relations with tax payers, helped in increasing revenue collection,” Mr Mwenda said.
He further explained that in strengthening revenue collection in the fourth quarter of the fiscal year 2023/2024, has started from this April to June this year, and ZRA will increase creativity, simplify tax payment, and continue to find and resolve inconveniences in the tax collection system.
He said that another strategy was to develop the professionalism of the ZRA employees by imparting them with training, strengthening good management and enhancing access to information for visitors entering Zanzibar.
