Tanzanian workers pay more taxes than employers – Report

According to the Citizen Reporter [email protected]

Dar es Salaam – Supervisors, Supervisors and Young Employees Pay More Tax Than Their Employers Pay After Selling Their Goods and Services , reveals a new report. [19659003] In addition to paying the tax on their wages in the form of pay-as-you-go (pay), employees also pay various consumption taxes when they purchase goods and services, including including value added tax and excise duties.

The report on fiscal statistics 2016/17 for Mainland Tanzania, recently published by the National Bureau of Statistics (SNB), shows that the share of corporate tax (tax deducted from corporate profits) also decreased.

Pay to the total direct tax was 44.5% in 2016/17, compared with 28.3% of the corporate tax. According to the report, direct taxes collected during the 2016-2017 financial year amounted to 5.1 trillion shillings, more than the 4.8 trillion shillings recorded in 2015/16, representing 5.4%

. The pay rate for 2016/17 was below 46.2 percent in 2015/16, while the corporate tax was also less than 28.4 percent recorded in the prior year .

During the year, the tax collected by employees was Sh2,27 (19659008) The Tanzania Revenue Authority's report showed that corporate tax peaked in 2013/14 after accounting for 37.4% of all direct taxes before starting to shrink in subsequent years. The decrease in the corporate tax was also caused by the increase in the share of source deductions, which went from 14.5 in 2015/16 to 14.8 in 2016 / 17

The report shows that withholding tax amounted to 760 billion shillings in 2016/17. billion in 2015/16. Other improvements were recorded in the individual tax, which rose from 2.9% to 3.5% and 0.5% in that of games of chance (0.5%).

Taxes collected during the year amounted to 3 091 trillion was 2.1 billion shillings or 69.7% of all indirect taxes. The remaining percentage of indirect taxes was national excise duty

Value Added Tax (VAT) is the amount payable for the supply of goods and services in Tanzania as well as for goods and services imported into Tanzania. the country.

Important domestic goods and services that are taxed in Tanzania include beer, cigarettes, cement, electricity and telephony.

VAT on domestic services is charged on electricity, telephone, retail and wholesale; Meanwhile, revenue collected through international trade taxes increased by 5.4 percent from 5,376 billion shillings in 2015/16 to 5.668 billion shillings in 2016/17.

The Citizen & # 39; s Taxclock tool allows calculating the time allocated to taxes. http://www.thecitizen.co.tz/News/1840340-4595336-23rxh4z/index.html