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Tag Archives: Budgeting

11 money habits that will change your life‏

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So often we talk about setting financial goals, having a household budget, updating your will and a myriad of other financial tasks. While all of these tasks are essential financial housekeeping, behavioural change is the most potent influencer.

Here are 11 behaviours which will change your life.
1. Be a year-round discount shopper/negotiator

Ask for a discount on every purchase. Australians have become enormous “sale” shoppers since the start of the Global Financial Crisis and that’s a great behaviour to have.

But when an item isn’t on sale, ask for one anyway. It should be part of your behaviour to ask for a better deal on everything. Don’t be embarrassed, the supplier can only say “no”, while a “yes” makes it all worthwhile.

2. Save 10 per cent of your income

Make it automatic all year round. An automatic transfer of at least 10 per cent of your salary every payday across to an “untouchable” investment account.

You’ll change your behaviour to live within the 90 per cent which is left, while letting compounding work its magic on the nest egg.

3. Have a plan for credit card rewards

Credit card reward schemes are usually not worth what they’re cracked up to be because the program is not generous, we don’t maximise the program, or both. First make sure you have the best credit card with the best rewards program for your spending pattern. Then think how each purchase can maximise points.

4. Be more demanding on your bank

Question your bank on everything. The interest rate on your home loan, discounts if insurance is part of the bundle, slashing/abolishing account keeping fees.

But don’t do it once, keep the pressure up all year round. If a penalty fee comes in, ask to have it removed. Be relentless.

5. Question any insurance premium renewals

Never, ever, automatically pay an insurance premium renewal. Always go to one of the insurance comparison quote sites to compare alternatives.

Ring at least one other insurance company for a quote.

6. Opportunities to earn money on the side

Whether it is a second job, a garage sale, starting a market stall or turning a hobby into a money spinner, there are a myriad of ways to earn extra cash. Keep all of this constantly in mind to identify any opportunities.

7. Manage your time … don’t waste.

Analyse your day, your week, your year. We all need downtime but there is a difference between leisure time and waste time.

8. Identify the waste time and turn it into earning or learning time with specific projects

From light bulbs to appliances and renovations, think energy efficiency when choosing a replacement. Electricity bills are set to skyrocket over coming years and this is where big savings can be made.

From solar hot water to simple door snakes to stop drafts, energy efficiency should be the first criteria behind selecting anything to do with the home.

9. Constantly ask the question: “Do I need?”

Rather than looking at something and thinking “I’d like” or “I want”, train your first thought to be “do I need?”
We’re not saying don’t spoil yourself on occasions, life’s too short, but asking “do I need?” before any purchase will cause you to pause, think and avoid those impulse buys which waste so much money.

10. Check that you are getting all your government entitlements

The facts are, an incredible number of people simply don’t apply for the government benefits they’re entitled too. Make sure you’re not one of them. Make a habit of checking all policies and contracts available in your health insurance policies;Pension funds for eligibility and the benefits that are available.

11. Organise all of your financial paperwork – For Companies and Individuals

The Tax Office wins most disputes because of the poor record keeping of taxpayers. – Well i know this is a nightmare to most of us, You know you are supposed to submit your annual personal returns to TRA, right? for self employees and business holders that is.

Spend time keeping the paperwork under control.
Happy Wealthy Year..2013 ALL

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Posted by on January 28, 2013 in Articles

 

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10 Money Saving Tips for Children

GUEST ARTICLE

It’s not a surprise that parents want their children to know the value of money, especially in an economy that does not seem to be turning around very quickly. How can you teach your children to save?

Take Their Allowance
Sure, it might seem silly to immediately take back money you give to them; however, consider the value. If you give your children $5 per week, immediately ask for $1 back and put it into a savings account for them.

Set a Goal
The next time your child asks you for a new toy or bike, tell him or her that saving up for it is a personal responsibility. Help create a plan to save that money up.

Make a Visual
Children will love noting all of their accomplishments. Create a thermometer on a big piece of paper, and they can mark off their individual goals as they move up the scale.

A Savings Account
For older children, let them have some control over their bank saving account. Warn them that they must keep a certain amount of money in there at all times, and if they don’t, they will lose some of their television or video game playing time.

Getting Jobs
Once children are into their high school years, they can start to work. When they have their own money to spend, they are more likely to realize the value of it. Individuals who constantly receive money from their parents tend to assume that the flow will never stop.

Math Classes
Of course, children are required to take math. However, suggest they take one that focuses on some fundamentals of accounting or economics or one that is more related to a home economics approach. Taking these classes can help them learn how to budget and to, once again, understand the value of money.

Collecting Coins
Have a coin jar near the front of their house, in their bedroom or wherever they tend to empty out their bags and pockets. Do not allow anyone to use the coins until the jar is completely full. As a result, children will see how every little bit helps.

Recycling Items
You can also teach them how money can be saved in the form of goods. Save up all of those plastic bottles and other containers, and go down to recycle them together. They will see that some money can be garnished from this simple act that is also healthy for the environment.

Match Their Funds
When they are little and receiving small amounts of money, offer to match whatever they receive for Christmas, their birthday, etc. If they receive $50 for their bank account, put in $50 of your own to help that account grow.

A Team Effort
Make a family goal, such as a trip to Disneyworld, for which everyone needs to save. At the end, show them exactly how their contribution helped out. Chances are, you’ll all feel a sense of accomplishment.

Hopefully, instilling these values into your children at an early age will make them smarter savers later on too.

Author Pam Johnson is all about saving money whether it be with her children or saving money on school. She enjoys blogging and is a contributing author for affordable online mba

 
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Posted by on January 27, 2013 in Articles

 

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How To Effectively Follow Your Goal on Budgeting

                                                GUEST ARTICLE
To effectively reach goals in life, you must first map out a clear plan of action. A personal or family budget goal is no exception. To attain a desired goal, such as purchasing a new car, home or living debt-free, you’ll need a plan to follow so you can reach your goal on budgeting. Follow these tips to get started towards effectively setting and following a plan that will lead to your goal on budgeting.

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Family Meeting
Start your goal-setting with a family meeting. Gather the family together and discuss how much money comes into the household and how much goes out on a weekly or monthly basis (if you live alone or if this is a personal budget, gather your check stubs and bill receipts). Then brain-storm for ideas on ways to increase income and decrease spending. Even the youngest members of the family should be involved in this start-up process so they can begin to learn the value of a dollar.

Make a Plan
After discussing expenditures, like food and energy costs, make a plan of action on how to cuts those costs. Setting a generic goal like ‘cut down monthly grocery bill’ will not help you effectively follow a budget. The plan must be concise and doable (if the money-saving steps are too difficult, no one will follow them). For example, set a goal of eating out one less time each week by cooking an inexpensive family meal to take its place, or opt to have a ‘meatless Monday’ to save a few dollars on the monthly grocery bill. Each dollar that is saved by making a plan and working the plan should go into a special savings account and spent only towards the agreed upon budget goal.

Have a Goal
Why do you want live by a budget? A clear, desirable and attainable goal will help you stick to a budget when you get the urge to splurge. That goal can be anything you and your family agree upon, such as braces for little Johnny, a family vacation to Walt Disney World or to be debt-free in five years. Keeping your eyes on that goal will help you stick with it when the going gets tough.

Make Saving Fun
A little family competition will make saving money fun and increase the savings. Play games to see who can save the most money each week or who had the best idea to increase household income. Compare notes once a week and give kids non-monetary rewards for turning out lights, turning off water and packing their school lunches, all of which will save money.

Limit Spending
Limit impulse purchases by setting a limit on the amount of money which can be spent without consulting your partner. If you have to stop and take time to discuss buying a pair of $150 pair of shoes with someone before you buy them, odds are you won’t make the purchase unless they are absolutely needed. The spending limit can be as low as $20, make the limit comfortable and doable so it will help you effectively follow your goal on budgeting.

 

Author Pam Johnson is very money conscious. She is currently going back to school for her MBA online and doing in affordably. She is a contributing author for affordable mba programs

 
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Posted by on January 22, 2013 in Articles

 

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Bajeti ya Tanzania: Asilimia 80 ya mapato ya ndani yakusanywa kufikia April 2012.

MAKUSANYO ya mapato ya ndani yamefikia Sh bilioni 5,684.5 kufikia Aprili mwaka huu ikiwa ni sawa na asilimia 80 ya makadirio ya mwaka 2011/12.

Waziri wa Fedha, Dk William Mgimwa ameliambia Bunge wakati akiwasilisha makadirio ya mapato na matumizi ya Serikali kwa mwaka wa Fedha 2012/13.

Kwa mujibu wa Dk Mgimwa, makadirio yalikuwa ni kukusanya Sh bilioni 7,126.4 kwa mwaka wa fedha 2011/12 ambao unafikia kikomo Juni 30, 2012.

Aidha, alisema makusanyo ya kodi yalifikia Sh bilioni 5,227.5 ambayo ni sawa na asilimia 84 ya makadirio ya kukusanya Sh bilioni 6,228.8.

“Kulingana na mwenendo wa makusanyo ya mapato ya kodi kwa kipindi cha miezi kumi ya mwaka 2011/12, hadi kufikia mwishoni mwa mwaka wa fedha 2011/12, Serikali inatarajia kukusanya jumla ya shilingi bilioni 6,307.8 na hivyo kuweza kufikia lengo tuliojiwekea,” alisema Dk Mgimwa.

Kuhusu mapato yasiyotokana na kodi, Waziri wa Fedha alisema yamefikia Sh bilioni 451.6 ikiwa ni sawa na asilimia 83 ya lengo la kukusanya Sh bilioni 547.1 kwa mwaka.

Akizungumzia mapato ya Serikali za Mitaa, alisema yalifikia kiasi cha Sh bilioni 143 sawa na asilimia 40.8 ya lengo la kukusanya Sh bilioni 350.5 kwa mwaka.

“Hadi Juni 2012, Serikali inatarajia kukusanya jumla ya shilingi bilioni 200 kutokana na chanzo hiki ikiwa ni asilimia 57 ya lengo la mwaka,” alisema.

MF: Tutaendelea kupost vipande vipande vya Bajeti ya mwaka 2012/13 mpaka mwisho wa kikao cha bunge cha bajeti. Hii itasaidia kuilewa bajeti hiyo katika kila kipengele.   

 
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Posted by on June 18, 2012 in Business News, Tanzania News

 

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Tanzania Budget 2012/2013 – An Overview

BUDGET OBJECTIVES

  • Increase Domestic revenues to 18% of GDP in 2012/2013 compared to the likely outturn of 16.9 percent in 2011/2012;
  • Continue with efforts to curb inflation to a single Digit;
  • Maintain a stable and market determinedexchange rate;
  •  Increase Access to Financial Services;
  • Increase real GDP growth rate of 6.8 percent in 2012 from 6.4 percent of 2011;
  •  Increase Credit to private sector to 20% of GDP by end  June 2013 in line with measures to curb inflation;
  •  Improve economic infrastructure, including electricity, roads, railways and ports;
  • Safeguard and sustain achievements realised in the social sector;
  • Maintain foreign reserves to cover 4.5 months of import of goods and services;
  •  Develop the country’s capability to endure economic and financial crisis and effective participation in regional and international arrangement;
  • Strengthen public and pricate partneship (PPP) arrangement with the view to widen opportunities for increamenting development projects;
  • Improve business enviroment for small and medium entreprises and;
  • Strengthen good governance and counterbility.

SNAPSHOT:

REVENUE                                                                     Shillings (in Millions)

A. Domestic Revenue                                                   8,714,671

B. Local Govt Auth. (LGAs Own source)                     362,206

C. General Budget Support                                          842,487

D. Foreign Loans and Grants                                      2,314,231

E. Domestic Borrowing                                                1,631,957

F. Non-Concessional Borrowing                                   1,254,092

TOTAL REVENUE                                                        15,119,644

EXPENDITURE

G. Recurrent Expenditure –                                            10,591,805

                       – Services                      2,745,056

                       -Wages and salaries     3,781,100

                      – Other Charges              4,065,649

                      – Ministries                       3,311,399

                       – Regions                            49,701

      – LGAs                               704,549
H. Development Expenditure  –                                               4,527,839
    – Local        2,213,608
    – Foreign    2,314,231

TOTAL EXPENDITURE                                                         15,119,644

BUDGET TARGET:

The Government targets to collect domestic revenues (excluding LGA’s own source) amounting to Shillings 8,714.7 billion equivalent to 18% of GDP.

PRIORITY AREAS:

1. Infrastructure

  • Electricity; Alocating Tshs.498.9 billion and impremetation of gas pipeline construction project from Mtwara to Dar es Salaam.
  • Transportation; Strengthening Central railways which involve renovation of the train engnes and wagons and development of the port of Lake Tanganyika.
  •  Cean and safe water.
  • Information and Comunications Technology (ICT)
2. Agriculture, Fisheries and Livestock
  • Strengthen the implementation of Kilimo kwanza policy.
  • Industrial Development.
  • Human resources and social services development.
  • Tourism.
  • Financial Services.

3. High Inflation

    • Tanzania is facing several challenges including high inflation rates which declined from 19.8% in december, 2011 to n18.7% in April, 2012. the main causes of high inflation rates are high eectricity tarrif, high prices of oil and food- especially rice and sugar prices. For example during April 2012 food contributed 24.7% while electricity and fuel contributed 24.9% of inflation. Core Inflation, which includes food and enery prices, is still at singledigit of 8.8%

CHANGES IN TAXES:

1. The Value Added Tax (VAT) Act, Cap 148

  • Introduction of VAT rate at 10% for selected VAT relieved beneficiaries enjoying special relief under the third schedule of the Value Added Tax Act. To effect private companies, individuals and TIC Certificate holders except those who are enjoying exemptions under the existing agreements. Also to affect Non-Governmental Organizations except those which are providing donations such as food supplies and medicaments to children and orphanage care centers and schools.
  • Electronic Fiscal devices (EFDs) to be VAT exempt.
  • Exempt VAT on various equipments  that will be used for storage, transportation, and distribution of natural gas (Compressed Natural Gas and piped Natural Gas)

2.  The Income Tax Act, Cap 332

  • Complete income tax exemption provided to individuals with turnover of Tshs. 3,000,000 or less;
  • Interest earned by non-residents from banks will now be subject to 10% withholding tax. The proposed measure is intended to create a fair playing field to all taxpayers.
  • Imposing Capital gains Tax on sale of shares of a local company by its parent company or any offshore company. this measure is intended to control tax avoidance malpractice.
  • Exempting Income tax to Holders of Gaming licences in respect of incomes on which tax has been paid under Gaming Act. Abolishing the exemption that is currently provided under section 54(2) of the Income Tax Act to a resident corporation which holds 25% shares or more so that dividends of the corporation will now be taxed at a reduced rate of 5%.
  • Adjust PAYE threshold as a result of enhancement of salary scales from Tshs. 135,000 to Tshs. 170,000. Introduce exemption of Income Tax to the Dar es Salaam Stock exchange (DSE)

3. The Excise (Management and Tariff) Act, Cap 147

      • Abolish Excise duty on Heavy Furnance oil.
      •  introduce Excise Duty on Music and films products (Effective from 1st January, 2013).
      • Abolish exemption of Excise duty on imported non-utily motor vehicles for all beneficiaries. To introduce excise duty of Tshs.83 per liter on imported fruit juices while locally produced fruit juices will attract excise duty of Tshs.8 per liter.
      • Amend the fuel levy exemption that was granted during the 2011/2012 budget for the fuel to be used by the oil and gas explorers to introduce to ntroduce excise duty as it was intended.
      • Soft drinks, beers, spirit, cigarettes and wine duties going up. Excise duty on Natural gas for industrial use at the rate of Tshs. 0.35 per cubic feet.
      • Increase in Excise duty on Airtime from 10% to 12%

4. The Export Levy Act, Cap 196

  • Increasingan export duty on raw hides from 40% or Shillings 400 per kilogram to 90% or Shillings 900 per each kilogram, whicheveris greater.

5. The Gaming Act, Cap 41

  • Increase Gaming Tax for casino from shillings 13% of gross gaming revenue to 15 per cent of gross gaming revenue.
  •  Introduce gaming tax on sports betting at a rate f 6% of the total stakes.
  •  Introduce  gaming tax on ‘SMS Lotteries” at a rate 0f 43%
  • Introduce gaming tax of 15% on internet casino.
  •  Establish clause in the Game of Chance Act which will explicitly state that the Gaming Tax shall be a final tax

6. The Motor Vehicle Registration and Transfer Act, Cap 124

  • Introduce personalised plate numbers for shillings 5,000,000 for 3 years.
  • Registration and transfer charges becomes expensive.
  • Importation of motor vehicles older than 8 years from the year of manufacturer will now be subject to the excise duty of 20%

7. The Airport Departure Service Charges Act, Cap 365

  • Increase in Airport Service Charges; From USD 30 to USD 40 for International travel and from Tshs. 5,000 to Tshs. 10,000 for local travel.

8. East African Develpment Bank (EADB) Act, Cap 231

  • Provide immunity status to the properties owned by the bank including houses, deposits, monies, and bank account against legal proceedings, court decisions and nationalizations/acquisitions acts.
  • Providing corporate status.
  • Empower the Minister for Finance to implement the decisions of the EADB’s governing board, by amending the schedule to this Act through the Government Notice.
  • Define the bank’s properties as including its houses, financial deposits entrusted to EADB for supervision.

9. The East African Community Customs management Act, 2004

These are to be implemented across the EAC partner states. The main Objective of the proposed changes is to enhance industrial production, improve transportation, health services, livestock development and communicationn sectors.

    • Extend the stay of application of CET rate of 35% on wheat grain and apply the CET rate of 0% for the period of one year.
    • Increase the CET rate on galvanized wire from 0% to 10%.
    • Split the tarrif line under HS Code 2106.90.91 in order to grant exemption of import duty to nfood supplements and mineral premix used in fortification of food supplements for feeding infants.
    • Redue the CET rate on set Top Boxes from 25% to 0%.
    • Reduce the CET rate on electricity from 10% to 0%.
    • Reduce the CET rate on inner glass flask used in thermos
    • Split the tariff line under HS Code 8523.80.00 in order to apply the CET rate of 0% on software instead of 25%.
    •  Grant duty remission to soap manufacturers using Palm Stearin, RDB by charging a duty rate of 0% instead of 10%.
    • Grant duty remission to soap manufacturers using LABSA as raw materials  from 10% to 0% for a period of one year.
    • Reduce the CET rate from 10% to 0% on cathodes and selections of cathodes.
    • Coninue applying the CET rate of 25% instead of 35% on cement for the period of one year.
    • Grant duty remission to lubricants producers using castor oil and its fractions as raw material from the CET rate of 10% to 0%.
    • Split HS Code 7308.90.90 to provide for the road guards rils and apply the CET rate of 10% instead of 25%.
    • Introduction of exemption of import duty tomachinery and spare parts used in mining activities.
    • Excludes spare parts of motor vehicles that will be imported by the mining companies.
    • Refridgerated trailers to be accorded same treatment as refrigirated trucks which are exempt from import duty to encourage distribution of fresh products like milk and meat.
    •  Grant duty remission to producers/manufacturer of medical diagnostic kits.
    • Grant Exemption of import duty to honey refiners, honey strainers,honey pumps, hive tols, queen rearing equipments and protective gears.
    • Continue granting exemption of import duty to Armed forces Canteen Orgnization for the period of one year.
    • Provide duty remission to producers of nutritious food/profducts for feeding infants facing malnutrition and persons suffering from HIV/AIDS in the country.
 

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New VAT rate for Selected VAT Relieved Beneficiaries

Dodoma, Tanzania
Ministry of Finance has proposed an introduction of a new VAT rate of 10 per cent for selected VAT relieved beneficiaries.

This measure will compel all beneficiaries enjoying special relief under the third schedule of the Value Added Tax Act to pay VAT for their taxable supplies requirements at a reduced rate of 10 per cent instead of 18 per cent.
The Finance Minister, Dr Mgimwa said those who would be affected, among others, are private companies, individuals and TIC Certificate holders except those who are enjoying exemptions under the existing agreements.
 Ministry For Finance Dr. Mgimwa presenting the Budget in Dodoma
Furthermore, it will affect Non Governmental Organizations (NGOs) except those which are providing donations such as food supplies and medicaments to children and orphanage care centers and schools.
Also, Dr Mgimwa asked the house to approve, amending item 19 of the second schedule to the VAT Act in order to include “Electronic Fiscal Devices” in the list of exempt items.
“The measure intends to make the product affordable to the business community and encourage its use for the improvement of compliance,” the finance minister said.
A report dubbed one billion question: How Can Tanzania Stop Losing So Much Tax Revenue, estimates that Tanzania one of the poorest countries in the world is losing around 1 billion US dollars (1.6tr/-) in tax revenue annually mostly through tax evasion, capital flight and tax incentives.
Also, the minister wants to exempt VAT on various equipments (Compressed Natural Gas and Piped Natural Gas) that will be used for storage, transportation, and distribution of natural gas.
This measure is intended to promote the usage of natural gas in various sectors of the economy including motor vehicles, domestic and industrial use.
“The measure is also expected to preserve forests, reduce environmental degradation and encourage production of gas cookers in the country,’ Dr Mgimwa said.

Meanwhile, Minister for Finance and Economic Affairs said yesterday in a bid to implement effectively new finance bill 2012/13 all unproductive and unnecessary expenditures should be avoided.
Dr William Mgimwa said therefore it is important for the ministries, departments, regions and local authorities to give opportunities to the private sector to contribute in building the economy.
“…every citizen is called upon to participate effectively in the utilization of available opportunities by providing services and engaging in productive activities in order to increase income,” the minister told the Parliament when reading the budget.
He said this budget directs investment of national resources in few priority areas with a view to accelerate economic growth and reduction of poverty.
The minister caution follows the fact that in 2011/12 domestic revenues, including revenues from Local Authorities, were below target and donor commitment to budget basket is not delivered on time.

Data show that total collection up to this April reached 5.68tr/- equals to 80 per cent of estimates of collecting shillings 7.13tr/- for year 2011/12.

 
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Posted by on June 16, 2012 in Uncategorized

 

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Serikali ya Tanzania Yatangaza Bajeti ya mwaka 2012/2013

Dr. Mgimwa - Waziri Wa Fedha Tanzania akionyesha mkoba wa bajeti ya serikali kwa mwaka 2012/13

Dr. Mgimwa – Waziri Wa Fedha Tanzania akionyesha mkoba wa bajeti ya serikali kwa mwaka 2012/13

Dodoma, Tanzania:  SERIKALI imetangaza bajeti ya shilingi trilioni 15 kwa mwaka wa fedha 2012/2013.

Kwa mujibu wa Waziri wa Fedha, Dk William Mgimwa, pamoja na mambo mengine, bajeti hiyo imelenga kudhibiti mfumuko wa bei kwa kutangaza kutoa vibali vya kuingiza chakula kutoka nje, na kuwabana matajiri kwa kuongeza kodi ya bidhaa zisizokuwa za lazima.

Akisoma bajeti hiyo bungeni mjini Dodoma jana, Dk Mgimwa pia alitangaza kwamba Serikali imepanua wigo wa Kodi ya Mishahara (Paye) na sasa itawagusa wafanyakazi wenye kipato cha kuanzia Sh170,000 badala ya Sh135,000 ya awali.

Amesema, Serikali pia imerejesha mafunzo ya Jeshi la Kujenga Taifa (JKT) kwa kutenga Sh7 bilioni kwa ajili ya kuchukua vijana 5,000.

Dk Mgimwa amelieleza Bunge kuwa, Serikali imeongeza kodi za bidhaa mbalimbali, zikiwemo, bia, soda, sigara, juisi zinazoingizwa kutoka nje na kufuta msamaha wa ushuru wa bidhaa kwa magari kwa wote waliokuwa wananufaika na msamaha huo.

Alifafanua kwamba kodi ya vinywaji baridi imepanda kutoka Sh69 kwa lita hadi Sh83 na mvinyo unaotengenezwa kwa zabibu inayozalishwa nchini kwa kiwango kinachozidi asilimia 75, imeshuka kutoka Sh425 kwa lita hadi 145 kwa lita.

Wabunge wameelezwa kuwa, kodi ya mvinyo unaotengenezwa kwa zabibu inayozalishwa nje ya nchi kwa kiwango kinachozidi asilimia 25, imepanda kutoka Sh1,345 kwa lita hadi 1,614 kwa lita.

Dk Mgimwa amesema, kodi ya vinywaji vikali imepanda kutoka Sh1,993 kwa lita hadi Sh2,392 kwa lita, bia inayotengenezwa nchini kwa nafaka na ambayo haijaoteshwa, kodi yake imepanda kutoka Sh248 kwa lita hadi Sh310 kwa lita. Bia nyingine zote kodi imepanda kutoka Sh420 hadi Sh525 kwa lita.

Kuhusu ushuru wa bidhaa za sigara, Dk Mgimwa alisema, sigara zote zisizo na kichungi na zinazotengenezwa kwa tumbaku inayozalishwa nchini, kiwango cha angalau asilimia 75, kodi imepanda kutoka Sh6,820 hadi Sh 8,210 kwa sigara 1,000.

Alisema Sigara zenye kichungi na zinazotengenezwa kwa tumbaku inayopatikana nchini kwa kiwango cha angalau asilimia 75, kodi imepanda kutoka Sh16,114 hadi Sh19,410 na sigara nyingine zenye sifa tofauti na makundi hayo, kodi imepanda kutoka Sh29,264 hadi Sh35,117 kwa sigara 1,000.

Alisema tumbaku ambayo ipo tayari kutengenezwa sigara (cut filler) kodi yake imepanda kutoka Sh14,780 hadi Sh17,736 kwa bunda la sigara 1,000 wakati ushuru wa cigars unabaki kuwa asilimia 30.

Katika bajeti hiyo, Waziri Dk Mgimwa alisema muda wa maongezi (airtime) kwenye simu za mkononi umeongezeka kutoka asilimia 10 hadi 12.

Alisema lengo la hatua hiyo ni kuoanisha ushuru wa bidhaa unaotozwa na huduma hiyo katika nchi za Jumuiya ya Afrika ya Mashariki (EAC), kwa kipindi hiki ambacho nchi zipo katika Soko la Pamoja.

Alisema hatua hizo za ongezeko la ushuru wa bidhaa kwa pamoja, zinatarajiwa kuongeza mapato ya Serikali kwa kiasi cha Sh144,054.9 milioni.

Waziri huyo alipendekeza kufanyika marekebisho kwenye sheria husika za kodi ya matangazo ya Serikali yanayotoa msamaha wa kodi kwenye magari kwa walengwa mbalimbali ili kuweka ukomo wa umri wa miaka minane kwa magari hayo badala ya miaka 10.

Alisema magari yenye umri wa zaidi ya miaka minane yatatozwa ushuru wa bidhaa wa asilimia 20. Lengo la hatua hiyo ni kupunguza wimbi la uingizaji magari chakavu na kulinda mazingira.

Alitangaza pia marekebisho katika ushuru wa forodha, ikiwemo kufuta msamaha wa ushuru wa forodha katika vitu mbalimbali vikiwemo magari yenye ujazo wa CC 3000 huku pia ushuru wa forodha ukifutwa katika bidhaa nyingine nyingi muhimu.

Alisema katika kuhamasisha na kuchochea ukuaji wa sekta ya ufugaji wa nyuki, vifaa vinavyotumika katika ufugaji na kurina asali vimepewa msamaha wa ushuru wa forodha vinavyoingizwa kutoka nje ya nchi na wafugaji wa nyuki.

Alisema msamaha wa ushuru wa forodha kwenye migahawa ya majeshi ya ulinzi utaendelea kutolewa kwa kipindi cha mwaka mmoja.

Alisema kumefanyika marekebisho katika Sheria ya Forodha ya Jumuiya ya Afrika ya Mashariki ya mwaka 2004 ili kutoa msamaha wa ushuru wa forodha kwa wazalishaji wa vyakula vinavyotengenezwa mahsusi kwa lishe ya watoto wenye utapiamlo na watu wanaoishi na Virusi Vya Ukimwi.

Alisema kuwa katika Bajeti hiyo, pia wametoa msamaha wa ushuru wa forodha kwenye malighafi zinazotumika katika kutengeneza vifaa vya kufanyia uchunguzi wa magonjwa (medical diognastic kits) kwa kuwa vifaa hivyo hutozwa asilimia sifuri vinapoagizwa kutoka nje ya nchi.

Katika marekebisho hayo, utatolewa msamaha kwenye mitambo (machinery) na vipuri vyake vinavyotumika kwenye uchimbaji wa madini lakini hautahusisha vipuri vya magari vitakavyoagizwa na makampuni yanayojihusisha na uchimbaji wa madini.

Katika bajeti hiyo, pia umetolewa msamaha wa ushuru wa forodha kwenye vyuma vinavyowekwa kwenye kingo za barabara na lengo lake ni kutoa unafuu katika ujenzi wa miundombinu ya barabara.

Alisema ushuru wa forodha umepunguzwa kwa ving’amuzi kutoka asilimia 25 hadi asilimia sifuri ili kuwezesha mabadiliko katika teknolojia ya analogia na kwenda katika teknologia ya digitali.

Alisema katika Bajeti hiyo, pia ushuru wa ngano umeondolewa kuwa asilimia 0 badala ya asilimia 35.

Alisema Serikali pia imesamehe VAT katika mashine za kutolea stakabadhi (electronic fiscal devices), ili kupunguza bei yake na kuwezesha wafanyabiashara wengi kuwa nazo, kuhamasisha matumizi yake na hivyo, kuongeza mapato ya Serikali.

Katika eneo hilo, Serikali imeondoa VAT kwa vifaa mbalimbali vya kuhifadhia, kusafirisha na kusambaza gesi asilia ili kuongeza matumizi ya nishati hiyo katika sekta mbalimbali za kiuchumi, kwenye magari, majumbani na viwandani.

Wafanyabiashara ambao mapato yao hayazidi Sh3,000,000 hawatalipa kodi kuanzia Julai Mosi, mwaka huu. Dk Mgimwa alisema mpango huo umefanywa kulinda mapato ya Serikali.

Kabla ya msamaha huo, wafanyabiashara hao ambao mapato yao hayazidi Sh3,000,000 walikuwa wanalipa Sh35,000.

Marekebisho mengine ya kodi ya mapato ni kuwa wenye mapato kati ya Sh3 milioni –Sh7.5 milioni watalipa Sh100,000 badala ya Sh95,000.

Waziri Mgimwa alisema Bajeti hiyo imejielekeza katika Kukuza Pato la Taifa kwa asilimia 6.8 mwaka 2012 ikilinganishwa na ukuaji wa asilimia 6.4 mwaka 2011.

Malengo mengine ni kuimarisha miundombinu ya uchumi, ikijumuisha umeme, barabara, reli na bandari, kuongeza upatikanaji wa huduma za kifedha na kuongezeka kwa mapato ya ndani yatakayofikia uwiano na Pato la Taifa wa asilimia 18 kwa mwaka 2012/13 kulinganisha na mwelekeo wa asilimia 16.9 mwaka 2011/12.

Dk Mgimwa alitaja malengo mengine kuwa ni pamoja na kuendelea kudhibiti mfumuko wa bei ili urudi kwenye viwango vya tarakimu moja na kuwa na kiwango tengemavu cha ubadilishaji wa fedha kitakachotokana na mwenendo wa soko la fedha.

Malengo mengine ni kukuza mikopo kwa sekta binafsi kwa kiwango cha asilimia 20 ya Pato la Taifa ifikapo mwishoni mwa Juni 2013, sambamba na jitihada za kudhibiti mfumuko wa bei, kuboresha mazingira ya wafanyabiashara wadogo na wa kati, kulinda na kuendeleza mafanikio yaliyopatikana katika sekta za huduma za jamii, kuimarisha utawala bora na uwajibikaji na kujenga uwezo wa nchi kukabiliana na misukosuko ya kiuchumi na kifedha pamoja na kushiriki kwa ufanisi katika ushirikiano kikanda na kimataifa.

Kuhusu matumizi ya maendeleo, Waziri Mgimwa alisema itazingatia vipaumbele vya miundombinu ya umeme – mkazo ukiwa upatikanaji wake kwa kuongeza uzalishaji, usafirishaji na usambazaji na jumla Sh498.9 bilioni zimetengwa.

 

 
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Posted by on June 15, 2012 in Business News, Tanzania News

 

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