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The time and monetary costs of regulatory compliance: The experience from the hotel industry

/ Publications / The time and monetary costs of regulatory compliance: The experience from the hotel industry

Publisher : REPOA
Author(s) : Emmanuel Maliti

Policy Briefs

This Policy Brief highlights the associated time and monetary costs of regulatory compliance – the experience from the hotel industry in Tanzania. In the quest to address the highlighted compliance cost challenge, REPOA offers the following Policy Recommendations:

  1. The need for Government agencies to invest in online technologies that offer the most promise in reducing the time cost of being compliant.
  2. Make mandatory the use of Compliance Cost Assessments (CCAs) and the Customer Satisfaction Measures (CSMs) in tracking trends on compliance costs.
  3. Invest in cultural change in the Government that embraces business-minded approach to policy formulation.
  4. Revisit all the hotel regulatory payments including the possibility of setting up one-stop-shop, including integrating some of the fees and levies into one.
  5. Set a mechanism for coordinating inspections both among regulators and across units within regulatory agencies.

Ready the full details just below…

PB 02 2023 – Cost of Regulatory Compliance – Hotel Industry – Final

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