Sunday, 21 September 2008

TRA is yet to recover Sh14bn from US firm

From IPP Media, Dar es Salaam
By Polycarp Machira

Six months since the whistle blower revealed the tax evasion in Mwanza city, the Tanzania Revenue Authority (TRA) is yet to recover Sh14bn/- in tax arrears from Alstom Power Rentals Limited LLC, The Guardian on Sunday has learnt.

Last month TRA seized properties and bank accounts belonging to the American company that had been contracted to supply the Lake Zone with 40 megawatts of electricity.

Speaking to The Guardian on Sunday this week, the Director for Taxpayer Services and Education, Protas Mmanda, said that the assets (Electricity Power Generating Plant) have been held under walk-in-possession.

Read full story in Sunday Observer.

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