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The East African Tuesday January 12 2021 Taxpayers are assisted to file their returns at Kenya Revenue Authority, iTax Support Centre in Nairobi last year. Although the tax rates had dropped on account of the pandemic, they went back to previous percentages. PHOTO | FILE | NMG Summary Despite hopes for a better year, a review of the macroeconomic situation in some EAC countries paints a gloomy picture, not fitting expectations. Advertisement The celebratory New Year mood did not last long for many citizens of East Africa. Individuals are facing the tough economic realities of 2021, weighed d...

2020-12-16 15:35:16 GMT2020-12-16 23:35:16(Beijing Time) Xinhua English DAR ES SALAAM, Dec. 16 (Xinhua) -- Tanzania's Minister for Finance and Planning, Philip Mpango, on Wednesday ordered suspension of 22 senior officials with the Tanzania Revenue Authority (TRA) to pave way for investigations into corruption allegations. Mpango directed TRA Commissioner General, Edwin Mhede, to suspend the officials including some TRA regional managers, pending the investigations into their involvement in fraudulent activities and negligence that resulted in loss of government revenue. A statement by...