Wednesday, May 29, 2024

Govt seeks Indonesian help to boost revenue collection

 Minister of Finance, Dr. Mwigulu Nchemba.

Photo: Guardian Correspondent
Minister of Finance, Dr. Mwigulu Nchemba.

By Guardian Reporter , The Guardian

THE Minister of Finance, Dr. Mwigulu Nchemba, has asked Indonesia to cooperate with Tanzania to improve tax systems, aiming to enhance government revenue collection and address challenges faced by taxpayers in the country.

Dr. Nchemba made this request during a meeting with the Indonesian Ambassador to Tanzania, Tri Yogo Jatmiko, in Dodoma, where they discussed key areas to strengthen cooperation for the benefit of both countries.

He noted that Tanzania faces the challenge of a small number of taxpayers and a large informal sector, necessitating a stable tax system to improve the business environment and increase the number of taxpayers.

Dr. Nchemba highlighted that Indonesia has made significant progress in tax systems and that Tanzania could benefit from this expertise by educating officials from the Tanzania Revenue Authority (TRA) and the Ministry of Finance on Indonesia's successful strategies.

Additionally, Dr. Nchemba thanked Indonesia for its contributions to the development of Tanzania, including support for various economic and social projects, as well as providing knowledge and expertise to Tanzanians in various fields.

During their conversation, Ambassador Jatmiko promised that his country is ready to continue providing knowledge to Tanzanians on various issues, including the energy, agriculture, and business sectors. He also expressed readiness to build capacity for TRA employees in developing and using revenue collection and management systems.

Furthermore, he promised to encourage more Indonesian businessmen to invest in Tanzania, noting that many investors from Indonesia have shown interest in exploring investment opportunities in the country, particularly in the tourism sector.

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