Dar es Salaam. The Tanzania Revenue Authority (TRA) has successfully collected 12.5 trillion TZS in the first five months of the 2024/25 fiscal year, demonstrating confidence in achieving its ambitious revenue target of 30 trillion TZS.
TRA anticipates a significant boost in tax collections between July and December 2024, particularly in December, which is expected to drive the achievement of this revenue goal.
The announcement was made on December 20, during a visit by TRA officials to a media organization in Dar es Salaam, highlighting the importance of collaboration in enhancing tax compliance among citizens.
The Taxpayer Education Manager of TRA remarked that the substantial revenue collected signifies an average monthly collection of 2.5 trillion TZS from July to November, positioning TRA to exceed more than half of its annual tax revenue target.
"We are projecting to collect 3.4 trillion TZS in tax revenue this December, a figure that exceeds our monthly average, largely attributed to increased shopping activity during the festive period," he stated.
Historically, December tax collections have shown a positive trend, with TRA consistently setting new records annually. The figures for December collections from 2019 to 2024 demonstrate this upward trajectory, with collections growing year on year.
The ongoing door-to-door awareness campaign has been pivotal, enabling TRA to surpass its revenue collection target for the first half of the fiscal year.
The commitment to continuous public engagement and education remains a priority, with support from the media playing a crucial role in fostering tax compliance.
As outlined in the 2024/25 fiscal budget, TRA is projected to generate 29.415 trillion TZS in tax revenue, complemented by expectations of additional income through non-tax revenues and loans from various sources, both domestic and international.
