Reducing the tax burden, a tax expert asks the government

PricewaterhouseCoopers (PwC) fiscal partner Joseph Lymo told reporters in Dar es Salaam, on the sidelines of the CEO roundtable, that tax cuts for beneficiaries would have multiple economic benefits.

Lymo, also director of taxes added that thanks to savings, people will be able to establish new generation incomes that can also create new jobs.

"This is the right time to work and allow people to save and invest." In his comments, chairman of the Sunanzu CEO Round Table, Sunjay Rughani, said that the CEO had met to share his thoughts on the 2018 Finance Act, in keeping with Tanzania's long-term goals.He said with the new financial year firmly in progress and following the finance law In recent 2018, the business and opportunities represented in the 2018 Finance Act were enormous.

Mr. Rughani, who is also the Chief Executive Officer of Standard Chartered, echoed what he called the Minister of Finance Philip Mpango comments on the difficult business environment that prevailed.

In addition, the Minister announced key measures to improve the business environment, including a six-month tax amnesty, which he said for expand the existing tax base.

He said the forum of CEOs to inform the government on the need to create a business-friendly environment, which supports socio-economic growth through the creation of jobs, strengthening capabilities and skills development.