Business seeks debt set off with government

Tanganda’s borrowings carry interest rates ranging from 8,5 percent to 12,5 percent per annum. The overall weighted average interest rate is 10,77 percent, reflecting a slight decline from the previous year’s 11,79 percent.

PRIVATE sector contractors to the government are calling for a set-off arrangement to clear their rising tax liabilities emanating from non-payment by the latter for services rendered, it has emerged.Business executives at The Financial Gazette’s Annual Tax Review Breakfast Meeting held last week said a set-off agreement between government and its contractors could help alleviate…

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