Already the legislation came into force yesterday after the budget approved by Parliament three countries ended its meeting in Dodoma yesterday with citizens who use banking services and financial transactions by phone when they do not know exactly who would bear the burden of the tax.
Implementation of the new tax law you commits him to the new tax burden citizen who is a user of financial transactions to banks, financial transactions of firms and other financial institutions.
Since July first of this year, the service users of banking were deducted 18 percent tax on value added at each transaction they make, which according to figures released by the TRA is increased Sh 152.50 in every deduction of Sh 1,000 are charged by the bank customer makes a transaction.
With regard to financial transactions of mobile phones and Vodacom, Tigo, Airtel and Ezy Pesa, the person who sent Sh 10,000 will be deducted Sh 250 plus 18 percent VAT, who gave Sh 10,000 is deducted Sh 1,250 plus 18 percent VAT, which authorities Government had banned.
Amid the uncertainty so that its base is a statement made by the various banks that make up its operations in the country, likieleza be from July first, 2016, fees and all deductions the bank customers will be charged a tax on value added Revenue Authority has banned while ikitishia take measures for these deductions zitakazotekeleza bank to its customers.
The ban was announced yesterday by the TRA Commissioner General of the authority, Alphayo data, in his meeting with the press held at the Office of the TRA headquarters in Dar es Salaam.
Data who convened a meeting with the press to talk contradiction emerged in the community on the implementation of the legislation, said the deduction of VAT on financial transactions involving citizens will be based and service fees that the client has been charged by the financial institution that gives the service.
He said no deductions to be held in a deposit of money with that bank or any financial institution that will increase deductions for his client intentionally or pay taxes under the pretext of legal action will be taken.
In addition, the data said TRA will provide instructions on how electronic delivery receipts will be used to enable banks and financial institutions to fulfill the requirements of the law of value added tax in 2014 as amended in 2016.
He explained that the BoT has the responsibility to regulate the banks zisiwakate its customers 18 percent VAT tax deductions on qualifying services now and in the local telephone company that is responsible for the TCRA.
"There are reports distributed on social networks have deductions of VAT will be charged on deposit with the bank money, brother writers these reports are not true and if anyone has deducted we pray Bring us evidence to act.
"For example the client was deducted Sh 1,000 to the bank due to the care given, and the government will cut taxes 18 percent in those deductions Sh 1,000. This illustration of Sh 1,000 for banking services, 18 percent of VAT would be Sh 152.50 and not otherwise, "said Data.
When Commissioner stating that data, the Finance Act of Value Added Tax, Chapter 148 provides that this tax will be charged to the end user.
That law reads: -
"Value Added Tax is levied on consumer goods appropriate taxation, including services, immovable property and any economic activity anytime With increasing value at each stage of production and in the final stage of the sale.
"Value-added tax levied on all goods and services produced domestically and in revenue. Person registered to pay value added tax only. "
However, the order of the TRA also linayagusa phone companies Vodacom, Tigo, Airtel and Zantel service providers of financial transactions by phone kutowatoza its users new deductions of 10 percent that the government announced to cut from its revenue.
However, TCRA Information Officer, Innocent Mungi, explained that it is not the role of its institutions but linaihusu TRA and BoT.
Mungi told TANZANIAN Saturday TCRA is the responsibility of managing communications with mobile operators alone.
At a God he differs with the statement of the Commissioner General of TRA, data, BoT Governor, Prof Benno Ndulu, he made the statement conflicts with the authorities on charges of income tax.
Governor Ndulu said VAT charged to the end user of banking services and always insist that the VAT burden fell on the last person who is a customer of the bank.
He said banking institutions is an agency of the Tanzania Revenue Authority (TRA) in the VAT tax collections so his job is to collect taxes on behalf of the authority from its customers.
"Kinachokanganya what? The meaning of the Tax Value Added Tax (VAT) is evidence that the poor service is the one cut, these banks are the only agent of the TRA, they are the ones who collect the deductions of VAT and submit TRA, by definition better ask them, TRA, "said Governor Ndulu.
Come to the increase in the VAT tax, resulted in amendments to the Law of Value Added Tax, Chapter 148, announced by the Minister of Finance and Planning, Dr. Philip Program, where he studied government budget in parliament.
In the interpretation of this amendment, Dr. The program said the government is dedicated to levy value added tax on fees for banking services charged by the bank to expand the tax base.
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