NEWS

A couple of the EU member states have adopted the new online fiscalization model – Croatia, Slovenia, and the Czech Republic being the first three to adopt this concept. They will be joined by Montenegro very soon, and Slovakia has just recently joined; or to be more precise, it joined only last year. 

The country transformed its long-term system which was based on fiscal memory into a new online model called “eKasa.” This was already announced in one of the SDC articles, and it was praised as something that would bring a lot of useful security benefits to taxpayers and the tax authority.  

Similar to many other developing economies in the world, Tanzania is also one of the countries that struggle when it comes to collecting taxes. Obviously, this is only the tip of an iceberg that goes very deep. The problem of citizens not paying their taxes is rooted in many other issues that span all over a political system.  

So why are Tanzanians not paying their taxes exactly? Well, one of the main problems until recently was the fact that the country’s tax collection system was entirely paper-based. This system comes with dozens of problems attached to it, and most of them coming from the fact a paper-based system is bureaucratic. This alone can cause many citizens to outright give up on the entire process. Moreover, this system causes a lot of corruption and revenue leakages.  

As of January 2021, Montenegro is replacing its 19 year old electronic fiscal system based on fiscal memory modules with a new one, which means that the Montenegrin consumers will be able to validate and report their invoices to the Tax Authority. More precisely, the customers will be able to check whether the VAT  included in the price they had to pay was really declared to the tax authority, or if the taxpayer decided to illegally keep it. In doing so, Montenegro is joining a club of countries that already do invoice verification;