How taxes, fees eat into decreases in oil prices

Government taxes and its various agencies account for close to half of the amount that Tanzanians pay on every litre of petroleum products, a development that denies the country a chance to reap massive benefits from declining global fuel prices, data shows.

TheCitizen

Habari Zinazoendana

10 years ago

TheCitizen

09 Nov

Inflation decreases as food prices fall

Tanzania’s annual headline inflation rate decreased to 5.9 per cent in October 2014, from 6.6 per cent recorded in September as the speed of food prices went down during the month, National Bureau of Statistics (NBS) announced in Dar es Salaam yesterday.

 

10 years ago

TheCitizen

06 Aug

House prices skyrocket as property taxes climb

We have noticed a growing interest in real estate development in Tanzania especially by new entrants. Is this good for the industry?

 

10 years ago

TheCitizen

30 Sep

RUCINSKI: Taxes, fees: the worldwide battle between utilities and solar energy

 A year after Spain, the sunniest country in Europe, issued notice of a law forcing solar energy-equipped homes and offices to pay a punitive tax, architect Inaki Alonso re-installed a 250 watt solar panel on a beam over his Madrid roof terrace.

 

10 years ago

TheCitizen

17 Jan

EDITORIAL: Oil: Tell us all about prices

>There is no doubt that fuel is a key driver of any economy. Following the trend of falling prices of fuel products at the world market since last June, Tanzanians have been asking how it is that pump prices in the country do not seem to reflect the change.

 

9 years ago

TheCitizen

03 Dec

MANAGING TAX RISKS :Taxes applicable to the oil, gas sector

In our series of articles on taxes applicable to the Oil and Gas sector we have noted that the taxes applicable to the Oil and Gas industry include income tax which includes corporate income tax, withholding taxes, employment taxes; capital gain tax; Value Added Tax (VAT); Customs Duty; Excise Duty; Fuel Levy and Stamp Duty etc.

 

9 years ago

TheCitizen

26 Nov

MANAGING TAX RISKS : Taxes applicable to the oil, gas sector

In our last article we noted that the taxes applicable to the oil and gas sector include the income tax which includes corporate income tax, withholding taxes and employment taxes.

 

9 years ago

TheCitizen

19 Nov

MANAGING TAX RISKS : Taxes applicable to oil and gas sector

In our last article we noted that although some countries have a special fiscal regime for taxing the extractive sector including oil and gas, Tanzania does not have a special tax regime for the sector.

 

9 years ago

TheCitizen

12 Nov

MANAGING TAX RISKS :Taxes applicable to oil, gas sector

Tanzania has made significant natural gas discoveries of over about 55 trillion cubic feet. Production activities of some of these discoveries has already started. Oil exploration activities are also ongoing and there is a potential for more discoveries.

 

9 years ago

TheCitizen

10 Dec

MANAGING TAX RISKS : Taxes applicable to oil, gas sector

In our previous articles on taxes applicable to the Oil and Gas sector we have already noted that the taxes applicable to the Oil and Gas industry include income tax which includes corporate income tax, withholding taxes, employment taxes; capital gain tax; Value Added Tax (VAT); Customs Duty; Excise Duty; Fuel Levy and Stamp Duty etc.

 

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