Tuesday, 17 March 2009

TRA feels effects of downturn

From The Citizen, Dar es Salaam
By Patty Magubira in Mwanza

The Tanzania Revenue Authority (TRA) office in Mwanza has reported massive loss in revenues as the global financial crisis continues to bite the country's economy.

TRA Mwanza regional manager, Mr Jeremia Lussana, said Pay As You Earn (PAYE) revenues collected from mining firms fell by Sh1.7 billion between December last year and last month.

Mr Lussana said they managed to collect Sh800 million instead of Sh2.5 billion during the period under review because several mining companies cut jobs.


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