TAA in partnership programme to boost tax compliance
President of the Tanzania Accountants Association, Godvictor Lyimo, addresses the reporters in Dar es Salaam, recently.
PHOTO | COURTESY
What you need to know:
- Accounting Week serves as a crucial platform for promoting financial literacy, fostering compliance, and enhancing economic resilience among Tanzanian businesses.
Dar es Salaam. The Tanzania Association of Accountants (TAA) has partnered with stakeholders to guide proper record-keeping practices to ensure accurate tax compliance.
The TAA president, Mr Godvictor Lyimo, recently said that the education initiative targeting business owners is part of the commemoration of Accounting Week nationwide.
Accounting Week serves as a crucial platform for promoting financial literacy, fostering compliance, and enhancing economic resilience among Tanzanian businesses.
“Alongside educating business owners, TAA plans to offer mentorship to aspiring accountants and extend assistance to a deaf school in Temeke Municipality,” told reporters in Dar es Salaam.
Mr Lymo said this week the programme will engage the business community in Kariakoo, Tandamti Street, with a focus on educating TAA members who are businessmen.
“Our objective is to promote accurate record-keeping practices and ensure proper tax payments to the Tanzanian government,” he said.
He added: “The ultimate goal is to equip traders with the necessary skills to maintain comprehensive records, facilitating easier access to loans at favourable rates.”
This year’s initiative benefits from partnerships with leading institutions such as NMB Bank, UTT Amis and Watumishi Housing Corporation.
According to him, the collaborations will enhance educational opportunities for businessmen, empowering them to maximise investment potential and access additional benefits.
“We will also host a mentorship event aimed at guiding budding accountants. Experienced professionals will offer valuable insights and instructions to those aspiring to join the profession,” he noted.
One of the participants in the education initiatives, Mr Boniface Moses, encouraged fellow businessmen to seize the learning opportunity.
“This education is invaluable for us. Many traders are engrossed in daily operations, but by participating, we can ensure better financial management and the security of our business,” Mr Moses remarked.
