How Price Of Efds Machine Is Affecting Users From Acquiring And Implementing Efd System

1287 WordsSep 29, 20166 Pages
Going by observations many business people are complaining on the price of EFD machine starting from cheapest ETR machines to other expensive EFD machine such as ESD. The price of machine has been center of attraction for many complaints since introduction of EFD machines in Tanzania where some of taxpayer are boycotting acquiring and using EFD machine due to its price. (Ngowi, 2014) Despite appealing by the government that the pricing are fair compared to other countries implementing EFDs in monitoring revenues, many traders are unwilling to procure and use EFD machines (Daily News, 2013). This riots and boycotting are repeatedly occurring at Kariakoo and other urban areas were many business people are boycotting acquisition of EFD machine because of its price. The costs of acquiring EFDs are not well researched and few researchers concentrated on the impacts of EFDs in boosting revenues. In this study we will analyze how price of EFDs machine is affecting users from acquiring and implementing EFD system and provide the possible solutions on implementations of EFDs. Frequent network failures are also causing many riots due to delaying in sending daily report and inability to use the EFDs before sending daily reports (Nation Media, 2015). For this instance taxpayer are prompted to use manual invoices which are not allowed during the delaying time and this can results huge penalties and fines for failure to comply with EFD regulations as per requirements of The Income Tax

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