ZITTO NA BAJETI...Cry For use M-pesa, Tigo Pesa, Airtel Money to Those In ATM ....... Whenever you send 1,000 / - tax deductible 280 / -

ZITTO NA BAJETI...Cry For use M-pesa, Tigo Pesa, Airtel Money to Those In ATM ....... Whenever you send 1,000 / - tax deductible 280 / -

Analysts and stakeholders have given their views on the Budget for the financial year 2016/17, while users of financial services by phone and pain they experienced tax.

That is one day after Minister of Finance and Planning, Dr. Philip Programme Budget submission for fiscal year 20116/17.

Among other things, the budget proposes to increase excise duty on soft drinks, water juices, strong drinks, beer and cigarettes.

Also itawagusa users of M-pesa, Tigopesa, Airtel Money, Ezypesa to cut Sh Sh 280 per 1000 they'll send.

Yesterday the MP for Kigoma Urban, Zitto Kabwe (ACT-nationalists), said the move by the Government to continue to seek tax to exceed hurting citizens goes against the expectations of most people.

He said in the government budget and revenue collection, in all itakayokatwa Sh 1000 for services to ATM Mosi from July this year, 280 Sh taken by TRA.

Zitto said the situation also itawakumba users of M-Pesa transactions, Tigopesa, Airtel Money, Ezypesa which is a large group of Tanzanians who use the service in the country.

Aawali tax on goods was 10 percent but the steps to be added to the value added tax and taxes I will rise to 28 percent.

In this context, in all 100 Sh Sh tax is 28 and in 1000 the tax is Sh Sh 280.

From that VAT is paid by the end user who is sending or receiving the money, which the state itawaumiza end users.

"Similarly in transactions of M-pesa, Tigo money and so on, in every Sh 1000 itakayokatwa for the ATM service from July 1, 2016, Sh 280 taken by TRA," said Zitto.

He said he was surprised by the action of the government to raise VAT on tourism conditions that can lead to Tanzania lose many tourists for its competitors because it will increase the cost for tourists.

"If we want to use tourism as a catalyst for employment is better to reconsider this issue," he said.

Referring to the Government's proposals in the Tax Act to levy VAT tax imports from Zanzibar, said such action violates the principles of the old law which was similar to that of Zanzibar.

"It should be noted that the Law of Tax on VAT of 2014 broke the old set of rules that was similar to that of Zanzibar. Current recommendations for Zanzibar profound impact because there will yewekeza Zanzibar to benefit from the mainland market.

"Many businesses producing zitahamia Zanzibar Tanzania Mainland.These proposals could lead to conflict between the two sides of the Union, " he said.

TANGAZA BIHASHARA YAKO NDANI YA BLOG HII.........