• About Us
  • Contact
Friday, March 31, 2023
No Result
View All Result
NEWSLETTER
The Business Wiz
  • Home
  • Featured News
  • Economic
    • Currency
  • Investment
  • Markets
    • Stock Market
  • Sectors
    • Agriculture
    • Commodities
      • Markets
    • Construction
    • Energy
    • Financial Services
    • Information Technology
    • Infrastructure
    • Manufacturing
    • Markets
    • Mining
    • Real estate
    • Telecomunication
    • Tourism
    • Transportation
  • Home
  • Featured News
  • Economic
    • Currency
  • Investment
  • Markets
    • Stock Market
  • Sectors
    • Agriculture
    • Commodities
      • Markets
    • Construction
    • Energy
    • Financial Services
    • Information Technology
    • Infrastructure
    • Manufacturing
    • Markets
    • Mining
    • Real estate
    • Telecomunication
    • Tourism
    • Transportation
No Result
View All Result
The Business Wiz
No Result
View All Result
Home Economic

Dar’s domestic revenue collection was resilient in October despite external shocks

by Editor
09/12/2022
in Economic
0
Dar’s domestic revenue collection was resilient in October despite external shocks
Share on FacebookShare on Twitter

Domestic revenue collection remained resilient despite external economic shocks with available data indicating that 2.04bn/- was collected in line with the October 2022, the Bank of Tanzania (BoT) Monthly Economic Review for October 2022 shows.

According to the report, out of the total collections, central government revenue comprising of tax and non-tax was 1.96bn/- equivalent to 91.1 per cent of the target for the month and 8.5 per cent higher than collections during the similar month last year.

Tax revenue was 1.62bn/- equivalent to 91.2 per cent of the target and 3.9 per cent higher than what was collected during the similar month in the previous year.

According to the BoT Monthly Economic Review for October 2022, domestic revenue of 2.04bn/- was collected which was in line with the October 2022. PHOTO / COURTESY.

“This outcome was largely owing to close follow up of taxpayers and leveraging technology in tax collection, including VAT e-filing ,” the report said.

Meanwhile, revenue collection by local governments was 86.6bn/- against a target of 85.9 billion.

Data from the BoT further indicates that external loans and grants worth 60.8bn/- and 10.1bn/- respectively were received by the Government during the month under review.

Tags: #LatestBusinessNews#LatestTanzaniaBusinessNews#LatestTBWNews#TanzaniaBusinessNews
Editor

Editor

Next Post
India’s banking sector regulator puts banks on alert over Tanzania and Mozambique

India’s banking sector regulator puts banks on alert over Tanzania and Mozambique

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Exchange Rate

Exchange Rate USD: Fri, 31 Mar.

Recommended

Fuel prices hit new record high despite Government subsidy

Fuel prices hit new record high despite Government subsidy

8 months ago
Tanzania exports up 21.6 pct in Q2 on manufactured goods

Tanzania exports up 21.6 pct in Q2 on manufactured goods

7 months ago

Popular News

    News

    Get latest news from us.


    SUBSCRIBE

    Category

    • Agriculture
    • Aviation
    • Banking
    • Commodities
    • Construction
    • CSR
    • Currency
    • Economic
    • Energy
    • Featured News
    • Financial Services
    • Information Technology
    • Infrastructure
    • Investment
    • Jobs
    • Manufacturing
    • Markets
    • Mining
    • Others
    • Q&A Interviews
    • Real estate
    • Telecomunication
    • Tourism
    • Transportation

    About us

    The Business Wiz (TBW) is Tanzania’s premier one-stop online platform providing in-depth, accurate and timely business news, analysis, commentary and online business information portals and research.

    • About Us
    • Contact

    © 2022 The Business Wiz

    No Result
    View All Result
    • Home
    • Featured News
    • Economic
      • Currency
    • Investment
    • Markets
      • Stock Market
    • Sectors
      • Agriculture
      • Commodities
        • Markets
      • Construction
      • Energy
      • Financial Services
      • Information Technology
      • Infrastructure
      • Manufacturing
      • Markets
      • Mining
      • Real estate
      • Telecomunication
      • Tourism
      • Transportation

    © 2022 The Business Wiz

    en English
    ar Arabiczh-CN Chinese (Simplified)en Englishfr Frenchde Germanit Italianru Russianes Spanishsw Swahili