Vodacom Pays Sh36.5 Billion in Taxes in 2012

R.B · 2013-06-04T22:19:45+00:00

A LEADING cellular phone firm Vodacom Tanzania paid a total of 36.5bn/- in corporate tax in the 2012/2013 financial year. The Managing Director of Vodacom Tanzania, Rene Meza said in a statement issued in Dar es Salaam that the company paid a total of 36,509,063,334/- , an increase of more than twenty times what the company paid over the last three financial years. "We have been making steady investment in the business over the last few years and are now reaping the results of the investment hence our increased ability to make a bigger contribution to government revenue," the Managing Director is quoted in the statement. Other taxes that the company collected in 2012 amount to 190,754,776,956/-, the statement further said. He said a total of 4,565,183,461/- were paid as withholding tax, a total of 92,322,077,623/- as VAT. Vodacom also paid a total of 51,337,344,600/- as Excise Duty and a total of 4,530,171,272/- in Regulatory Fees. The company paid 2,576,227,649/- as the Universal Communications Services Access Fund Levy for 2012, he said. Meza says other taxes and levies totally 34 bn/- that his company paid in its' just ended financial year include: Numbering Fees, Customs and Excise, Income Tax, Service Levy and Spectrum Fees. On how much Vodacom had invested in the country in 2012, Meza says his company invested over Tshs 200 billion/- in the 2012/13 financial year and that this had allowed his company to double the size of its network as at the end of March 2013. Vodacom has invested in excess over Tshs 1.3 trillion/- in the country since its launch in 2000. He goes on to says that Vodacom fully supports government efforts to ensure that as many Tanzanians as possible have improved access to telecommunications services. Vodacom's continued investment in its 3G networks and connection to the National Information Communication Technology Broadband Backbone (NICTBB) is a clear illustration of its commitment to this initiative, he says.

Thread starter R.B
Start date Jun 5, 2013

R.B

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Vodacom Pays Sh36.5 Billion in Taxes in 2012

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