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

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

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;

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.

Tanzania in International Tax Law : Of Covid-19 and employee mobility  The Citizen Daily

Tanzania in international tax law: Understanding the import taxation regime (5)  The Citizen Daily

Tanzania in International Tax Law: Grossing up ‘net of tax’ pay for expatriate employees  The Citizen Daily

The division among experts on the reason for dwindling Foreign Direct Investments (FDIs) in the mining sector and its impact on the export industry is disturbing. It is not surprising, though. It is clear testimony that experts think and act in line with their beliefs, traditions and values.

GhanaWeb
Tanzania gov't restricts foreign travels, tax exemptions
GhanaWeb
Tanzania's new president has ordered restrictions on foreign travel by government officials and cuts in tax exemptions, signalling the potential start of fiscal belt-tightening measures by his government. John Magufuli, sworn in on Nov. 5 as Tanzania's ...
Tanzania's new president curbs foreign travel for officials, tax exemptionsReuters Africa
Clerics earn Magufuli tributeDaily News | The National Newspaper (press...

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.