„Three years after the introduction of Electronic Fiscal Devices (EFDs) as an aid to tax revenue collections, the Tanzania Revenue Authority (TRA) says the machines have been showing considerable difference for the better, especially in the area of value-added tax (VAT) collections!“
In a written response to Tanzania Business Times, Yeremiah Maghi – the TRA acting director of Taxpayer Services & Education, described the introduction of the mandatory fiscal devices as the main reason the VAT tax collection has improved.
The statistical argument pro the fiscal device introduction, Maghi pointed to the TRA tax collection for the period 2009/2010 to 2010/2011, Tsh785,89 billion and Tsh791,47 billion, collected in the treasury immediately after the fiscal device introduction. For the following 2011/2012 year, TRA reported a 40% increase in the VAT tax collection, in relation to the period prior the introduction. The Revenue Authority projects Tsh3 945,0 billion collection for the current tax 2012/2013 year.
Daisy Technology is one of the main importers of fiscal devices in Tanzania, and a main share of its market is designated to the company’s newest cash register models – Daisy eXpert SX, Daisy Perfect S and Daisy Perfect M developed in accordance with the requirements of TRA and the Tanzanian legislation. The fiscal devices manufactured in Bulgaria by Daisy Technology and successfully sold on the African market, are part of the endeavor by local governments to reform and standardize the fiscal and economical management on the continent.
Daisy Technology is among the pioneers in offering electronic fiscal devices with GPRS connection to the government organizations to monitor and evaluate the tax, owed by the traders and the cash flow in real time. As a company with established traditions in the field of research, development and manufacturing of fiscal devices and peripheral devices, Daisy Technology continues to develop and implement new technologies and practices that are easily implemented both on the Bulgarian and the foreign markets.