Taxman’s collection hits 12tri/- in nine months

Geza Ulole

JF-Expert Member
Joined
Oct 31, 2009
Posts
65,136
Reaction score
91,917
Taxman’s collection hits 12tri/- in nine months

The collection, according to Taxman’s report released today (Tuesday), is an increase of 8.45 per cent compared to the corresponding period

.The data made available to Daily News Digital indicates that December last year, the collection soared by 15.58 per cent to 1.64tri/- compared to only 1.41tri/- in the corresponding period.

It further revealed that the month of September was not good for the taxman as its collection went down by 2.37 per cent compared to the same month of 2016/17 FY.

But the Taxman improved the collection in the following six months and December was the best month since it managed to collect 1.64tri/-.

Taxman’s collection hits 12tri/- in nine months
 
Aiseeeeeh! Tz mbele Kwa mbele nyuma mwiko!
 
6bn dollar ndio inatuma tanzania kusikalike?this peanuts for nine months😀😀😀😀😀😀😀
 
NairobiWalker said:
That's KES 600 billion? peanuts.
Click to expand...
Our revenues collection have been growing at an average of 15percent every year lakini ya Tanzania ikikua na the same margin nchi haikaliki,to make iven funny 600bn for 9months😀😀
 

Tanzania collected Ksh 533Billion 😀😀😀😀😀😀😀😀 in 9 months 😀😀😀😀

The Kenya Revenue Authority is likely to hit its revenue target for the current financial year which is projected at Sh1.49 trillion. The overall revenue collected for the first half of the 2017-18 financial year grew by Sh62.5billion to Sh712.2 billion, a 9.6 per cent growth from the Sh649.7 billion collected in the same period over the last financial year.

Kenya collected Ksh 712Billion in 6 months.... 😉😉😉😉😉😉

KRA closer to meeting target as revenue collected grows
 

That translates to KES 1.068 Trillion in 9 months. Slightly over double what Tz collected over a similar period.
 
NairobiWalker said:
That translates to KES 1.068 Trillion in 9 months. Slightly over double what Tz collected over a similar period.
Click to expand...
They still say they will "catch up" and "overtake".. KRA automation is only getting better and more efficient.. the gap will only widden to TRIPPLE their revenue collection by end of the Financial Year
 
Hamster255 said:
They still say they will "catch up" and "overtake".. KRA automation is only getting better and more efficient.. the gap will only widden to TRIPPLE their revenue collection by end of the Financial Year
Click to expand...

We are not gauging ourselves against YOU, but our target.
That's pure and simple.

Again if we examine your budget vs implementation, we see are huge disparity.
 
Geza Ulole said:
And still u can't meet ur $25 bln budget!
Click to expand...

Tanzania's current account deficit to widen

Tanzania's budget deficit is expected to grow this year, fueled by a rise in the import bill, according to BMI, the research arm of Fitch Ratings.

While exports are likely to grow because of improved harvests and a likely increase in gold production, a substantial import bill — mainly due capital goods and services import to supply infrastructure projects — will outweigh any increase in foreign revenue inflows.

“We forecast a current account deficit of 5.3 per cent and 5.4 per cent of GDP in 2018 and 2019 respectively, from a projected 5.0 per cent in 2017,” BMI notes.
Foreign loans and direct investment will finance much of this shortfall. But FDI is likely to decline on the back of a more hostile business environment.

Tanzania's current account deficit to widen
 
eliakeem said:
We are not gauging ourselves against YOU, but our target.
That's pure and simple.

Again if we examine your budget vs implementation, we see are huge disparity.
Click to expand...
Then post the trash about your Useless Country in the Tanzania page... Don't you think?
 
NairobiWalker said:
That translates to KES 1.068 Trillion in 9 months. Slightly over double what Tz collected over a similar period.
Click to expand...

While Tanzania is comfortably funding its mega construction projects "SGR, Stiglers gorge" Kenya heavily depends on Chinese loans.

Ukweli ni kwamba hata mkusanye vipi, haina maana kwakua hela inaishia mifukoni mwa wajanja wachache na nchi inaishia kukopa na chakula cha msaada.
 
You must log in or register to reply here.
Menu
Log in
Register
Cookies are required to use this site. You must accept them to continue using the site. Learn more…