By Adam Ihucha
Tourism has overtaken gold as Tanzania's leading foreign exchange earner.
The industry earned Tanzania $2.5 billion in the year ending January
2015, up from $1.89 billion in the year ending January 2014,
Stakeholders estimate that the country had received one million plus holidaymakers in the period under review.
BoT's February Monthly Economic Review indicates that gold exports
value plunged from $1.64 billion to $1.31 billion in the period under
review, as both export volume and price in the world market dropped.
Tanzania Association of Tour Operators (TATO)'s CEO, Sirili Akko says
that Tanzania remains competitive, thanks to the state for holding back
new taxes and fees.
"Besides political stability, Tanzania destination remains
competitive as the government suspended implementation of new value
added taxes and entry fees," says Mr Akko.
Natural Resources and Tourism Minister, Lazaro Nyalandu shelved
enforcement of new taxes and fees in a bid to make Tanzania a
competitive tourist destination in Africa.
Specifically, he suspended an execution of national park's new entry
fees as well as VAT on tourist guiding, game driving, water safaris,
animal or bird watching, park fees, tourist charter services and ground
transports.
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