{"id":105849,"date":"2024-02-27T20:47:47","date_gmt":"2024-02-27T20:47:47","guid":{"rendered":"https:\/\/www.africa-press.net\/tanzania\/all-news\/tpsf-why-tanzania-should-attract-more-investments"},"modified":"2024-02-27T21:18:39","modified_gmt":"2024-02-27T21:18:39","slug":"tpsf-why-tanzania-should-attract-more-investments","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/tanzania\/all-news\/tpsf-why-tanzania-should-attract-more-investments","title":{"rendered":"TPSF: Why Tanzania should attract more investments"},"content":{"rendered":"

Africa-Press – Tanzania. <\/strong><\/span>DAR ES SALAAM:<\/b> The Chief Executive Officer of the Tanzania Private Sector Foundation (TPSF), Raphael Maganga, has advised the government to attract new investments to boost the country\u2019s revenues.<\/p>\n

Speaking at the 2024 Tax and Investment Forum held in Dar es Salaam on Tuesday, Mr. Maganga pointed out that the tendency to concentrate on the same areas of investment and introduce many taxes leads to complaints and hinders business growth.<\/p>\n

\u201cOne tax philosophy suggests that you cannot tax poverty. No matter how motivated people are, if they have no income, they cannot pay taxes. It is crucial to attract new investments to the country as a sustainable way to increase tax revenues,\u201d Mr. Maganga emphasized.<\/p>\n

He added, \u201cThese investments will not only increase employment and contribute to various taxes but also open up economic areas that we have not yet explored, such as the gas project in Mtwara, and establish technology parks for youth and industrial parks for businessmen and companies.\u201d<\/p>\n

Moreover, the TPSF boss recommended that the government should review the tax administration system to reduce various obstacles faced by taxpayers.<\/p>\n

The 2024 Tax and Investment Forum brought together both public and private sectors and government officials with the aim of expanding stakeholders\u2019 opinions to improve tax policies for the preparation of the government\u2019s main budget for the 2024\/25 financial year.<\/p>\n

It is expected to strengthen cooperation between the government and stakeholders to enhance tax policy and bolster the business environment in the country.<\/p>\n

For More News And Analysis About Tanzania<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Tanzania. DAR ES SALAAM: The Chief Executive Officer of the Tanzania Private Sector Foundation (TPSF), Raphael Maganga, has advised the government to attract new investments to boost the country\u2019s revenues. Speaking at the 2024 Tax and Investment Forum held in Dar es Salaam on Tuesday, Mr. Maganga pointed out that the tendency to […]<\/p>\n","protected":false},"author":84,"featured_media":105848,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[6990,6991,711],"class_list":["post-105849","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press-2","tag-africa-press-tanzania","tag-tanzania"],"yoast_head":"\nTPSF: Why Tanzania should attract more investments - Tanzania<\/title>\n<meta name=\"description\" content=\"DAR ES SALAAM: The Chief Executive Officer of the Tanzania Private Sector Foundation (TPSF), Raphael Maganga, has ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/tanzania\/all-news\/tpsf-why-tanzania-should-attract-more-investments\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TPSF: Why Tanzania should attract more investments\" \/>\n<meta property=\"og:description\" content=\"DAR ES SALAAM: The Chief Executive Officer of the Tanzania Private Sector Foundation (TPSF), Raphael Maganga, has ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/tanzania\/all-news\/tpsf-why-tanzania-should-attract-more-investments\" \/>\n<meta property=\"og:site_name\" content=\"Tanzania\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-27T20:47:47+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-27T21:18:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2024\/02\/sm_1709055960.260047.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"752\" \/>\n\t<meta property=\"og:image:height\" content=\"419\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/tpsf-why-tanzania-should-attract-more-investments#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/tpsf-why-tanzania-should-attract-more-investments\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"TPSF: Why Tanzania should attract more investments\",\"datePublished\":\"2024-02-27T20:47:47+00:00\",\"dateModified\":\"2024-02-27T21:18:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/tpsf-why-tanzania-should-attract-more-investments\"},\"wordCount\":263,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/tpsf-why-tanzania-should-attract-more-investments#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2024\/02\/sm_1709055960.260047.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Tanzania\",\"tanzania\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/tanzania\/all-news\/tpsf-why-tanzania-should-attract-more-investments#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/tpsf-why-tanzania-should-attract-more-investments\",\"url\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/tpsf-why-tanzania-should-attract-more-investments\",\"name\":\"TPSF: Why Tanzania should attract more investments - 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