Highlights of tax laws and the rights of tax payers

Tanzania Revenue Authority (TRA) is ready to discuss with stakeholders on contentious issues they raised in the new Value Added Tax (VAT) act 2014.

Effective means of collecting taxes is still a big challenge facing many African countries -- often caused by improper taxation systems and lack of transparency among businesses.

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

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

Tanzania in international tax law : Tax incentives for foreign investment—1  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.

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...

“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

In our last article on tax planning we looked at ways of reducing the taxable income when exposed to withholding taxes. In this article we focus on payroll taxes and custom duties.