About MonFinance Blog
EMAIL: monfinance@live Follow Me on twitter @MissNiyu
Welcome to MonFinance Blog.
I got this idea of blogging from my passion for Social Media and a little knowledge I have in Finance Budgeting and Accounting.
I always give advice to my friends on Employment Taxes,social security contributions,corporate taxes and investment ideas.I need to share my little knowledge to you all and gain more from you readers.
My blog is about our everyday activities in Finance,accounting,economics- Theoretical and Practical.(I call it Our daily Maths)
And a little bit of fun..so if you have any question,comment, and or Ideas useful to this blog please share it with us.
This is a bilingual blog,so feel free to use English as well as Swahili in your contributions.
This is the beginning..Let’s walk through this together.
MJ
Agnes Henry Kasiga
March 8, 2012 at 3:25 pm
Hellow Monica, you are wonderful my friend, i have learned something from your blog… keep it up!!
Saidy
May 24, 2012 at 10:11 am
Never give up!
maza teresa
July 25, 2012 at 12:26 pm
tuko pamoja monie
jinesh dolasia
July 25, 2012 at 12:59 pm
Hai, jinesh dolasia, dar es salaam, after seeing ur website, i wish to know & take help from u regarding City Service Levy Tax, that what we have to pay the tax on whole sales turnover or only taxation product because we deal in both Exemption & Taxation also. If possible please help us from this solution as we are waiting for your reply.
thanks.
monfinance
July 25, 2012 at 2:24 pm
Hi Jinesh. Thanks for your question. The city service levy tax is 0.3% of Turnover. Not only vatable. So for a partial VaT business you pay on a total of vatable and exempt sales. I hope this will help. Visit again!
Neema
July 25, 2012 at 3:36 pm
Hongera kwa kazi nzuri, mimi ombi langu ni kuhusu background colour, imekuwa dim sana kwa watu wenye matatizo ya macho kama mimi. tafadhari jaribu kubadili rangi au koleza maneno yaonekane vizuri. KEEP IT UP
THOMAS MCHA
July 25, 2012 at 4:52 pm
I am thirst of Finance updates especially those relevant to our Tanzanian setting,as a graduate in Finance from UDBS, Thanks Monica
Bigeso James Makenge
July 26, 2012 at 12:51 pm
Big up Monie kwa wazo zuri sana!!! sasa swali langu ni kwamba kwa nn Financial institution nyingi zinatumia credit facility kama tool kubwa ya kuwapatia faida instead of other tools?
AMINI SWAI
July 26, 2012 at 7:16 pm
What are some of the monetary policy measures used by Tanzania government to control inflation.
monfinance
July 27, 2012 at 6:30 pm
In accordance with Section 21 (3) to (6) of the Bank of Tanzania Act 2006,the central bank
submits the Monetary Policy Statement of the Bank of Tanzania.
The Statement reviews monetary policy implementation and macroeconomic
developments during the previous economic year. It then outlines the monetary policy stance and
measures that the Bank of Tanzania intends to pursue in following year.
Some of monetary policies used by the Tanzania government through the Central bank in 2011/2012 are;
1. Liquidity management and Interest rate Developments – this was implemented by raising the minimum reserve requirements to government deposits held by commercial banks and increased the bank rate by 442 basis points (to 12.0%) – the policy measure taken coupled with developments in commercial banks’ investment preferences in foreign assets ,strict government expenditure and good revenue performance led to shilling liquidity squeeze among the banks.
2. Exchange rates developments – The Bank of
Tanzania participated in the IFEM for liquidity management purposes and to
smooth out short-term fluctuations in the exchange rate. The rapid depreciation of the
Shilling that had been caused by, among others, increase in global demand for
dollars, rapid expansion in the oil imports and delays in disbursement of foreign
program assistance; was followed by appreciation in the first half of January 2012. The monetory policy measures taken included reduction of banks’ prudential
limit on foreign currency net open position; strict enforcement of the existing
restrictions on non-residents’ access to Tanzania shilling denominated credit
facilities; and increased sales of foreign exchange in the IFEM.
Read the Full Statement here: http://www.bot-tz.org/Publications/MonetaryPolicyStatements/2012-JUNE-MPS.pdf
click here
August 25, 2012 at 11:23 am
Excellent blog here! Also your site so much up very fast! What host are you the usage of? Can I am getting your associate link for your host? I wish my web site loaded up as fast as yours lol
Maria
December 31, 2012 at 12:21 pm
Indeed i find it very useful Monica, keep up the spirit