Dar activists decry tax incentives

Two recent developments have brought into sharp focus the unsatisfactory state of the tax regime in Tanzania. This is in relation to (statutory) tax exemptions – too many of them! – and (criminal) tax evasion: too much of that!

Tanzania in international tax law : Tax incentives for foreign investment—2  The Citizen Daily

Tanzania in international tax law : Tax incentives for foreign investment—1  The Citizen Daily

As discussed in the previous article investment tax incentives in Tanzania are offered to lead and priority sectors including agriculture, Air Aviation, Commercial buildings, Banks, Export oriented projects, Manufacturing, Natural Resources e.g. Timber, Beekeeping, Fisheries, Tourism and Tour Operations, Radio and Television Broadcasting, Transportation etc. In this article we look at tax incentives offered in the agriculture and manufacturing sectors.

Last week we covered some aspects of tax incentives including the fact tax incentives in Tanzania are not consolidated into one tax law but rather spread into various laws including the Income Tax Act, 2004; Value Added Tax Act, 2014;

The division among experts on the reason for dwindling Foreign Direct Investments (FDIs) in the mining sector and its impact on the export industry is disturbing. It is not surprising, though. It is clear testimony that experts think and act in line with their beliefs, traditions and values.

>Last week we dwelt on the concept of return and risk on investment in securities (i.e. shares and bonds) listed in the stock market. We learnt that the return on an investment consists of dividend, interest, rent or other income added to the increase in the value of the asset over a set period.

Dar Motorists Decry Harassment
AllAfrica.com
TAMBAZA Auction Mart has come under the spotlight, accused of harassing and terrorising Dar es Salaam motorists in the pretext of instilling discipline on the city roads. Traffic police officers have distanced themselves from the operations of the agency.

MANAGING TAX RISKS: Impact of virus crisis on tax collections  The Citizen Daily