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Smart Business Solutions
305-748-8208
PO BOX 610322, Miami, FL, 33261-0322

Welcome to Fiscal Blackbox

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21
Mar

THE Tanzania Revenue Authority (TRA) is on its final trials before fixing Electronic Fiscal Devices (EFDs) at all fuel pumps, in a move aimed to improve collection of tax. The taxman said initial trials conducted for almost a year at Engen’s pump stations has shown positive results not only to the authority but to the […]

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20
Mar

SPANISH Tax Agency (AEAT) has launched a crusade against zappers, which allow taxpayers to easily hide accounting records. In December 2014, a special task force with AEAT technicians uncovered the complex fraudulent practices in a chain of Italian restaurants. 70 officials from 8 regional offices, along with police officers simultaneously stormed 15 sites where chain […]

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15
Sep

Slovakia has a VAT gap because too many businesses are not paying the tax money they owe.   Slovakia’s solution to its VAT problem is a lottery. By sending in or registering a sales slip online, consumers can win a car, cash, or an invitation to be a contestant on the Slovakian “Price is Right.” […]

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08
Sep

Barely six months after the introduction of Electronic Billing Machines, Rwanda revenue authority (RRA) says the results are impressive.   Speaking at this year’s tax payers’ day celebration on Saturday, the commissioner general of RRA, Richard Tushabe, said the machines are helping the government increase its tax base. The commissioner also said the tools have […]

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02
Sep

NON compliant businesses to the Electronic Fiscal Devices (EFDs) will not escape the ‘legal arm’ following a countrywide inspection campaign by the Tanzania Revenue Authority (TRA) in collaboration with the Police Force.   In Dar es Salaam Region, over 10 shops out of 70 inspected in the campaign that kick-started two weeks ago, have been […]

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02
Sep

BUSINESS at Tanzania’s busiest commercial enclave of Kariakoo in Dar es Salaam almost came to a standstill yesterday as most traders refused to open their shops, protesting the introduction the Electronic Fiscal Devices (EFDs) by the Tanzania Revenue Authority (TRA).   A ‘Daily News’ survey witnessed a number of shops along all streets in the […]

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19
Aug

The Rwanda Revenue Authority (RRA) recorded Rwf759.8 billion in total tax revenue collection during the July 2013-June 2014 fiscal year, which was short of the targeted Rwf782.5 billion. This, it has emerged, could be partly because some budget officers in public institutions have not been remitting taxes collected from civil servants on behalf of RRA, […]

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18
Aug

Use of unregistered Electronic Fiscal Devices (EFDs) is illegal and will draw severe legal penalties, traders have been warned.   The warning was issued over the weekend by the Tanzania Revenue Authority (TRA) whose officials say hefty penalties will be levied against the perpetrators.   Speaking to this paper over a telephone interview, TRA’s Director […]

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11
Aug

The Tanzania Revenue Authority (TRA) has reported more than double increase of revenue collections in just three years, an achievement the agency is associating with increased use of Electronic Fiscal Devices (EFDs).   TRA says the business community in the country is now increasingly more complacent with the use of EFDs which they had previously […]

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