Give us an improved version of Sim card tax, Madam Mkuya

Tanzania needs to continue strengthening its tax reforms and administration to enable corporate organisations to pay taxes, it has been suggested.

So 2015 is off to a good start. I feel pretty good about the choices I have made so far. Yes I know. Its only February.  So today I was thinking about the decisions NOT to make this year that I made in 2014. As I pondered and reminisced any poor decisions I had made, I realized that most were made under the influence of Vodka.  Which is why you will not catch me dead drinking Absolute, Smirnoff, Ketel, Svedka or even Belvedere.  There is even Vodka called “Zombie Apocalypse”.  That...

Finance Minister Saada Mkuya had every reason to resist the allure of increasing taxes on petroleum products. Presenting the 2015/16 Budget to the National Assembly on Thursday last week, she raised tax on petroleum products – a decision that will fuel further adjustments in the prices of petroleum products on July 1.

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

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

In our last article we noted that tax planning is an arrangement of one’s financial affairs in such a way that, without violating in any way the legal provisions, full advantage is taken of all tax exemptions, deductions, concessions, rebates, allowances and other reliefs or benefits permitted under the tax laws so that the burden of taxation on the taxpayer is reduced or minimised.

“You can see how this number is big and bad enough is that these producers are not entitled to pay any tax” Robert Jarrin, Senior Executive, Sabmiller East Africa

Parliamentary Inquiry on the extent of tax evasion/avoidance, use of tax havens and illicit financial transfer has started

During its 10th annual conference, Southern Africa Development Community organization of Public Accounts Committees a resolution was passed that ” PACs or similar committees should encourage their member states to pass legislation to control the use of tax havens by companies and individuals in order to curb illicit money transfer and tax avoidance/evasion“.

The...