Browsing: ETS

Tanzania has introduced the use of Electronic Tax Stamps (ETS) water bottles and soft, carbonated drinks. The move is meant to add on to the already registered increase in tax collection.

The Tanzania Revenue Authority (TRA) reported earlier this year that it has seen a 34 percent increase in revenue collection thanks to the use of the Electronic Tax Stamps (ETS) on branded products.

The ETS system was first rolled out in Tanzania early last year (15 Jan 2019) after regulations was passed to have all manufacturers in the country install an electronic tax stamp management system.

The tender went to a Swiss-based firm called SICPA which was contracted by the Tanzania Revenue Authority (TRA) to install and enroll all manufacturers, producers and importers onto the system.

To start with, the electronic stamps were used for cigarettes, wines, spirits, beer and other alcoholic beverages. It then begun to be applied …

The Tanzanian government has been losing about Tshs.4 billion ($1.7 million) per month in uncollected taxes on locally produced cigarettes and alcoholic beverages before Electronic Tax Stamps (ETS) started being used in January 2019.

The Tanzania Revenue Authority (TRA) Commissioner General,  Charles  Kichere told  reporters on April 16^th that in March 2019, TRA collected Tshs.42.8 billion ($18.6 million) on the on cigarettes and alcoholic beverages which is an addition of Tshs.3.5 billion ($1.5 million) compared to Tshs.39.3 billion ($17 million) collected the same month last year.

The Commissioner General said the lost revenue is estimated to be higher than that because some producers are yet to enter ETS due to some reasons and the real amount of money that was being lost will be known once all manufacturers use the new tax system.

He said all local manufacturers as well as importers of cigarettes and alcoholic drinks have until …