Relief as BoT adjusts time of tax payment through its system

“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

BOT, bankers encourage digital payment to comply with anti-coronavirus guidelines  The Citizen Daily

Whilst we have not seen dramatic devaluation of the Tanzanian Shilling in recent years, we have recently witnessed what no one had predicted a year ago. The Shilling today is trading against the US Dollar at between Sh2,050 to Sh2,200 depending on where you look. The former is the rate on the Bank of Tanzania website whilst most of the major banks and bureaus are quoting Sh2,200 to buy US$1.

IPPmedia
Private schools lobby pushing for tax relief.
IPPmedia
Tanzania Association of Managers and Owners of Non-government Schools and Colleges (Tamongsco) has called upon the government to waive unfavorable taxes and streamline inefficient exemption granting process in order to enable its members to ...

Consider the following: Tanzania lost USD 2.9 billion between 2008 and 2011 through illicit financial flows; USD 1.2 billion in the 2011/2012 fiscal year through tax exemptions; and USD 305 million through uncollected customs revenue.

Effective provision of basic services is critical for poverty reduction in Tanzania as in many developing countries, and contributes to state legitimacy. Failures in service delivery are a key reason that people fall into poverty, for example through ill...

Establishing a tax domicile abroad to avoid US taxes is a hot strategy in corporate America, but many companies that have done such “inversion” deals have failed to produce above-average returns for investors, an analysis has found.

Msekwa: multi-party system is a need of time, society  The Citizen Daily

‘Multi-party system is a need of time, society’ says former Speaker Pius Msekwa  The Citizen Daily

The holiday hotspot of Cape Town, South Africa, is positioning itself for the changing dynamics in its tourism and property markets.