The new tax settlement avenue will be available for all TRA clients including non- Equity Bank account holders.
By fostering such a partnership, local taxpayers will now be able to conveniently pay the respective taxes including Customs and Excise taxes such as: Import Duty, Excise Duty, Pay As You Earn (PAYE) and VAT on importation.
Equity Bank’s robust core banking system has been integrated to that of TRA’s Revenue Gateway System (RGS) to accept Common Cash Receipting System (CCRS) payment of taxes at all 9 Equity Bank branches.
Speaking during a joint media conference, Equity Bank Tanzania Managing Director Joseph Iha flanked by Senior Accountant TRA Custom and Excise, Mrs. Paulina Ngowi further disclosed that plans are also underway to extend the convenience to all Equity Bank’s 330 Agents countrywide, E-Banking and Mobile platforms in the coming months.
The integration of Equity Bank systems with those of TRA, Iha said is part of the Bank’s commitment to ensuring that it offers convenience for all types of financial transactions and enhancing nation tax collection efficiencies.
“As a corporate responsible local bank, committed to fostering national development in Tanzania, Equity Bank is very keen to enhance tax collection efficiencies,” Iha said. “Such efficient tax collection guarantees national development as these are the monies that are used for infrastructure development, social services and related elements,” Iha added.
On a mutually agreed pact TRA and Equity Bank have sealed the agreement geared at sharing their respective strengths, experiences, Information technologies and human resources to foster higher return on investments for both organizations.
To enjoy the new service at Equity Bank branches, TRA clients will only need to submit their TRA assessment form for customs and excise payments or a control number print out from to Equity Bank confirming the amount they intend to pay.
The Equity Bank teller will receive the due amount as per the control number indication and confirm the transaction. The taxpayer will then be issued with a receipt as a confirmation of payment.
“We are delighted to be working with Equity Bank on this process. Their network across Tanzania and their technological expertise will relieve the strain on our own systems and ensure that we collect maximum revenue, with less hustles and at a shorter period of time compared to the past cumbersome process.
“Our systems and Equity Bank’s are synchronized so that we can track all transactions in real time hence improving efficiency,” added TRA representative Paulina Ngowi.
Equity Bank Group, recently unveiled its upgraded and Group’s robust IT platform which will enable the Bank roll out its future technology driven products, provide comprehensive business functionality and enhance customer experience with its objective of becoming a one stop shop in financial services and products.
Equity Bank Tanzania limited imeingia ubia na Klabu ya Simba katika kutoa kadi zenye chapa zao...View More
Equity Bank has today kicked off the issuance of Simba Fan Cards to over 20 million fans of the...View More
Equity Bank Tanzania has today handed over 5 mobile police posts to the Ministry of Home Affairs...View More
Benki ya Equity imezindua huduma za benki kwa njia ya kimtandao, huduma hizi zilizopewa jina...View More
Equity Bank Group, on Thursday announced that its profit after tax for the third quarter of 2014...View More
Regional financial services provider Equity Bank Group has returned to its traditional growth path...View More
Equity Bank Group’s investment in ICT and Focus on SME boosts profits by 11 percent in the year...View More
Equity Bank and American Express today announced a partnership agreement, through which Equity Bank...View More
The approvals, which were secured during the firm’s 11th Annual General Meeting (AGM) held today...View More
Regional banking group, Equity Bank's reduction of interest rates by 700 bps from 25% to 18% has...View More
Equity Bank Group strengthens its fundamentals while expenses of ICT, Innovation and Product Rollout...View More
The Group’s total assets posted a 24% growth during the year to close at Ksh 243 billion up from...View More
Partnership to increase financial inclusion and boost EMV migration efforts in the region.View More
The new identity is aimed at creating a sustainable growth path and service delivery in today’s...View More
Equity becomes the 1st bank in Eastern and Central Africa to achieve this milestone paving way for...View More
Becomes the first bank in Eastern and Central Africa to achieve the trillion-shilling balance sheet...View More
The Award is conferred annually to exceptional individuals who exemplify their outstanding `business...View More
The service presents the exciting prospect for the Tanzania community to receive seamless...View More
Equity Bank (T) leo imenzidua rasmi akaunti maalum ya utunzani fedha kwa kujiwekea kidogo kidogo ili...Zaidi
Equity Bank (T) imeahidi kuendelea kutoa elimu ya fedha na mikopo nafuu kwa vikundi vya uwekezaji na...Zaidi
Customers with Equity Bank accounts can now transact seamlessly in any of the Equity Bank branches...View More
Customers will have the freedom to execute forex requirements in real-time in a safe, convenient and...View More
Equity Bank Kenya Limited has received two International Standards Certifications - ISO 20000 and...View More