Newspaper Articles

How tourism is heavily taxed

Published on: December, 2016       The Citizen

2016 is approaching the end with many challenges facing tourism but tour operators will quickly remember the introduction of the Value-Added Tax (VAT) as the issue of the year in the sector. The government announced the new 18 per cent VAT on tourism services during the National Budget tabling in June and became effective in July.

CTI: Pharmaceutical industry hit

Published on: December, 2016       The Citizen

Arusha. Laurean Bwanakunu is not among the local officials who is amused by the state of the pharmaceutical industry in Tanzania. Being the director general of the Medical Stores Department (MSD), an autonomous agency under the health ministry responsible for the procurement, storage and distribution of medicines and allied products, he is dismayed by the small number of local producers from where to procure the needed drugs for the growing demands.

New tourism tax bad, ZATI tells government

Published on: June, 2015       The Citizen

Veneranda Sumila

The new tax – whose implementation is set to start in July - acts as a deterrent to the development of tourism in Zanzibar. It adds issues on the poor tax regime list which stakeholders have been complaining about for a couple of years.

More Policy reforms needed

Published on: June, 2015       The Citizen

Veneranda Sumila

Third Phase President Benjamin Mkapa noted recently that more reforms need to be undertaken for the Private Sector to operate in a secure and hassle free environment across Africa, Tanzania inclusive.

Cutting cost of doing business healthy

Published on: June, 2015       The Citizen

Alawi Masare

Increased export of goods and services made in Tanzania is what the economy needs to move to the next level in the wake of the weakening shilling.