Due to inventory Sh seven million is entered for one minute, the businessman creates Sh 420 million per hour, equivalent to Sh 5.2 billion for 12 hours and Sh trillion 16 per month, which does not pay taxes Value Added Tax (VAT).
President Magufuli said the businessman who has become clear that many companies, has been working with the Agency's Business Registration and Licensing in (BRELA) with the Tanzania Revenue Authority (TRA).
The head of state made the statement the State House in Dar es Salaam yesterday, after swearing in the new heads of the three regions at a ceremony also attended by the heads of districts elect.
He said he realized the boil after a track on income.
"We used to follow up on the 'revenue' (income), on the VAT which apply 'ku-collect revenue' (revenue collection), is one person who had made the company his great, was doing 'transaction' (transactions) of money every minute Sh between seven and eight million.
"And the receipt was sell to other businesses, the VAT is required to pay for 18 percent other vendors they were sold to five percent and they shauza products are going to apply for TRA iwarudishie the 18 percent, so the government has been losing 18.5 percent, are trillions and trillions' of money '(money).
"Fortunately the man is in safe hands, we monitor how the money will kavyorudisha, and the man was face-connection between people BRELA and TRA ... that's Tanzania.
"I need to model that in your area and Supervise revenue, because we have lost a lot of income than we think, while Tanzanians were suffering too much, and things are done is remarkable," said President Magufuli telling the two heads of states and territories.
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