TANZANIA PORTS AND REVENUE AUTHORITY ON INTER-BANK SETTLEMENT SYSTEM ~ :: Habari Duniani


The Director of National Payment System at BoT, Mr Bernard Dadi, said the Central bank agreed to extend TISS working hours to 8pm on weekdays and from 9am to 2pm on weekends and public holidays to enable all stakeholders to pay their taxes without limitations.

TISS is an online system that facilitates real time and gross settlement of payment instructions between banks.
“We remind all banks to accept all TISS-related transactions beyond 1pm,” he said. The TRA Commissioner for Customs and Excise Duty, Mr Tiagi Kabisi, said the Authority welcomed the extension as a major milestone in improving government revenue collection. “TRA has also extended working hours for its customers to tie in with the new system,” he explained.

Tanzania Ports Authority (TPA) has welcomed the extension of Tanzania Inter-bank Settlement System (TISS) working hours, saying the decision was a game-changer in efforts to decongest Dar es Salaam port.
Dar es Salaam Port Acting Manager, Mr Hebel Mhango, said in Dar es Salaam recently that the system was advantageous to the Authority and other stakeholders because it supported continuity of port operations under the new devised TPA working model.

“We urge them to now change with the port speed and discipline of work by going 24 hours too. We will continue to sensitize our stakeholders on the new system,” he noted.
Talking earlier, the Acting Permanent Secretary, Ministry of Transport, Mr Gabriel Migire, said the government through BoT has extended the working hours of the TISS to allow port users pay their taxes up to 8.00 pm.

He said that apart from improving port efficiency with a view to attaining targets under the Big Results Now (BRN) initiative in the transport sector, the new extension would enhance government revenue collection and money transfers as well as improve efficiency in cargo handling.

Over the last six months during its trial period, the system has recorded significant amounts of transactions. “Over the last six months during its trial period, a total of 7,727 transactions worth 382bn/- have been made as of June 30, 2015,” he said.

He noted that the government will continue to implement BRN initiatives directed at transforming the port as the hub to the central transport gateway for East and Central Africa. “I call upon all port users to effectively use this extension for smooth business operations in settlements of financial obligations,” he explained.
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