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15
May
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The World Bank Board has approved USD60m in interest-free credit to modernize the administration of Bangladesh’s value-added tax regime and to boost the tax take. […]
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13
May
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Tanzania loses about Sh3 trillion ($1.87 billion) in tax revenue every year through cheating by dishonest companies in import and export transactions, a new study reveals. […]
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11
May
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KIGALI, Rwanda – The Rwanda Revenue Authority (RRA) is finding ways improving efficiencies in revenue collection so that it reach its fiscal year target. […]
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08
May
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Businesses and trading enterprises that are by law supposed to use Electronic Fiscal Devices (EFDs) but do not will be charged 5 percent of the total amount of their collections on first warning, on the second warning of defiance, a penalty of 10 percent will be imposed and on the third time […]
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06
May
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Tanzania Revenue Authority (TRA) has embarked on measures to ensure that fuel filling stations across the country use electronic fiscal devices. […]
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05
May
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In a bid to continue evading taxes, big businesses in the country are accused of coaxing smaller traders to protest against the use of Electronic Fiscal Devices (EFDs) and in that regard, media has been urged to increase public awareness on the use of EFDs. […]
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04
May
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TEN days from now Tanzania’s taxman, Tanzania Revenue Authority (TRA), expects consumers to demand fiscal receipts for everything they buy “even if it is beer, a soda or a needle”, as the second phase of fiscalisation kicks in. […]
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02
May
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Monthend long queus at post offices across the country, especially during facilitation of social benefit payments, are expected to be a thing of the past following the introduction of the admirable ‘PosoCard’ by BotswanaPost. […]
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02
May
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The Zimbabwe Revenue Authority (Zimra) is reviewing the fiscalisation system after some challenges were encountered since its introduction a few years ago. […]
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01
May
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The Commissioner General of Uganda Revenue Authority Allen Kagina has offered to train MPs in tax collection methods, if Parliament gives her the nod of approval. Appearing before Parliament’s committee on Finance, Planning and Economic Development on April 22 […]
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27
Apr
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The Tanzania Revenue Authority (TRA) has resumed a training programme directed at the business community in a second phase on the viable use of the Electronic Tax Register (ETR), The Guardian on Sunday can report. […]
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27
Apr
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Traders in the country will have no room to escape the use of Electronic Fiscal Devices (EFDs). President Jakaya Kikwete has directed the tax authority to ensure the business people use the device. […]
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23
Apr
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Rwanda Revenue Authority has started penalising Value Added Tax (VAT) registered businesses that have not yet acquired electronic billing machines (EBMs), Richard Tusabe, the RRA Commissioner General, has said. […]
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22
Apr
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Macedonia/5th drawing for the fiscal receipts lottery 28 April. Citizens, except by post, can also submit the envelopes with fiscal receipts in the point of the State Lottery at the City Square in Skopje. […]
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22
Apr
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Windhoek — Government should focus on the inclusion of the informal sector to boost its contribution to the mainstream economy, a local economic analyst has proposed. […]
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22
Apr
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Windhoek — Slovakia has found the solution to increase the VAT collection: a lottery tax receipts and prize of 10,000 euros per month. Other countries want to follow suit. […]
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19
Apr
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When Jozef Lazarcik, a 35-year-old factory worker, heard his number called on national television here recently, he pumped his fists, hardly believing his luck. […]
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16
Apr
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Africans face the highest remittance fees globally, regularly paying a “super tax” to send money home at a cost that hurts families and holds back development in the world’s poorest continent, a leading thinktank said on Wednesday. […]
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12
Apr
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India today called for data sharing on taxation and blamed the industrialised and developed nations for their reluctance on parting with this information. […]
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13
Apr
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In the recent past, teachers and nurses have laid down tools demanding higher pay. Each time this happened, the Government was quick to point to lack of resources. However, it turns out that government departments have a lot to do with the lack of funds. […]
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10
Apr
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A LIST of business entities required to use electronic fiscal devices (EFD) has been put on the noticeboards of all regional and district Tanzania Revenue Authority (TRA) offices and on its website. This has been implemented in response to a directive given by the Prime Minister […]
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03
Apr
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RIGA – Economic crimes against enterprises and other legal persons continue to grow in the world. According to the PwC 2014 annual report on global economic crime, approximately 37% of respondents admit to being victims of economic crime (up 3% on 2011). […]
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03
Apr
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The long-anticipated rebasing of Nigeria’s GDP series was finally made public on Sunday April 6, and the general media reaction has been cautiously celebratory. But the reaction has largely missed one big point […]
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28
Mar
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African governments must be able to mobilise revenues from taxation if they are to achieve long-term development. Domestic sources of income are crucial for funding social services aimed at poverty reduction and lessening dependence on foreign aid. […]
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26
Mar
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On March 24, 2014, the OECD released a discussion draft identifying the major tax challenges raised by the rapidly developing digital economy and summarizing several possible options to address these challenges. Comments on the discussion draft are being accepted by the OECD […]
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22
Mar
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he Malawi Government has intensified its efforts to address various challenges it faces with tax collection from big shops and companies as Malawi Revenue Authority (MRA) pilots the use of Electronic Fiscal Devices (EFD), a new system for collecting Value Added Tax (VAT) […]
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19
Mar
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Effective 6 March 2014, the Malawi Revenue Authority (MRA) will implement the required use of Electronic Fiscal Devices (EFDs) for Value-Added Tax (VAT) operators. […]
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17
Mar
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Kenya will adopt a paperless payment system to stop revenue leakages in its system. According to ICT Cabinet Secretary, Fred Matiang’i, the process shall be complete by April 2, 2014 and is aimed at improving accountability, efficiency and transparency in Government transactions and prevent revenue leaks. […]
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16
Mar
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THREE months from now, the Minister for Finance, Ms Saada Mkuya is expected to table the 2014/2015 Budget in the National Assembly. […]
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14
Mar
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Mr Seth Terkper, Minister of Finance and Economic Planning, on Thursday tasked the Ghana Revenue Authority (GRA) to delve deep into its wealth of experience as revenue administrator to come out with innovative initiatives and measures to mobilize the needed revenue for the nation. […]
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13
Mar
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Since 2010 , UK has taken bold steps in modernising its public service and its successes are well known – it is now on track to becoming the “most digital government” in the G8 by 2015. […]
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12
Mar
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Ingenico, a leading provider of payment solutions, announced the deployment of an innovative fiscal solution, along with its local partner Etranet Group. This solution has been implemented for Hrvatski Telekom […]
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11
Mar
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Payment of tax is a constitutional responsibility of working class citizens and a source of revenue for the government. Through taxes the government raise revenue to provide social amenities for its citizens and develop infrastructure and also improve the economy of the nation […]
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10
Mar
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The Government will realise just over half of its projected Value-Added Tax (VAT) net revenue increase in the first year, the International Monetary Fund (IMF) has warned […]