Let’s look at the way of doing business in Tanzania by focusing on the following things, How to start a business, relations between the government and businessmen, relations between local investors and how the government can protect them, doing business at our borders, how to pay taxes through our businesses, how to hire workers for our business or investment but also how to get permits to run our businesses including contracts, electricity and obtaining permits for other construction activities in the business area.
Finally we will look at how to get loans for all small, medium and large businessmen as well as investments. This research is focused on gathering information about 29 areas or districts but we have also tried to check and take at least a few districts for each zone to be able to get the opinion of each area of Tanzania.
General, if you look at the current state of doing business in Tanzania, it is not good based on the criteria mentioned above and by analyzing one by one criteria and its overall situation. if we start talking about a few things like how to start a business in Tanzania while it goes hand in hand with paying taxes, many businesses in Tanzania start on the day that you have already taken a TIN from TRA, then that is the same day that you start being counted as a taxpayer and you have to pay taxes, something that for business which are starting at least should be given a certain limit until they reach a certain condition before they start paying taxes, our past reports especially this one to look at the opportunities and obstacles facing our businesses include this one to start collecting taxes only when the business is registered with TRA.
75% of the businesses that are established every year end up dying due to environmental reasons including the way of tax payment. Taxes are the economy, but business is also the economy, so the more businesses there are, the more stable the country’s economy is, but it also leads to the simplification and increase in the circulation of money.
The methodology adopted in this study is mixed approach where by both qualitative and quantitative data were collected, for a qualitative study, in depth interview with key informants were conducted. The results found from a qualitative suggested that there should be Doing Business.
Furthermore, for the quantitative study a survey questionnaire was employed, and data analyzed by STATA and SPSS. The quantitative also found significant direct and positive effects on doing business in Tanzania for both on attracting domestics and foreign investors and small business growth.