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.

TheCitizen

Habari Zinazoendana

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.

 

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

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

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

17 Dec

MANAGING TAX RISKS: Taxes applicable to oil, gas Sector in Tanzania

Today we conclude this series of articles on taxes applicable to the oil and gas sector in Tanzania by looking at capital gain tax, stamp duty and other charges.

 

5 years ago

The Citizen Daily

26 Mar

MANAGING TAX RISKS: Impact of virus crisis on tax collections

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

 

9 years ago

TheCitizen

08 Oct

MANAGING TAX RISKS : Throwing light on tax planning opportunities for Tanzania firms

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.

 

9 years ago

TheCitizen

03 Sep

MANAGING TAX RISKS : Tax incentives provided by law

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;

 

9 years ago

TheCitizen

24 Sep

MANAGING TAX RISKS :Tax incentives offered in Tanzania

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.

 

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