Tanzania Revenue Authority - what are the benefits from the SCT?

Reduces the cost of doing business by eliminating duplication of processes;

 

 

  • Reduces   administrative costs and regulatory requirements;
  • Facilitates the free movement of goods, labour, services and capital as envisaged under the Common market;
  • Promotes  foreign, domestic and cross border investment;
  • Enhances trade in locally produced goods particularly agricultural goods from areas of surplus to areas of deficit;
  • Enhances the relationship  between the private and public sectors;
  • Creates a mechanism for prevention of smuggling at a regional level;
  • Reduces the risks associated with non-compliance on the transit of goods;
  • Creates an efficient mechanism of revenue management;

 

The SCT commenced on 1st January 2014 as a pilot on the Northern Corridor. The pilot on the Central Corridor  commenced in April 2014 and roll- out for the whole of the EAC was planned to start  on 1st July 2014

Reduces the cost of doing business by eliminating duplication of processes;

§  Reduces   administrative costs and regulatory requirements;

§  Facilitates the free movement of goods, labour, services and capital as envisaged under the Common market;

§  Promotes  foreign, domestic and cross border investment;

§  Enhances trade in locally produced goods particularly agricultural goods from areas of surplus to areas of deficit;

§  Enhances the relationship  between the private and public sectors;

§  Creates a mechanism for prevention of smuggling at a regional level;

§  Reduces the risks associated with non-compliance on the transit of goods;

Creates an efficient mechanism of revenue management;