Tax Institute needs Sh67bn in growth bid

Renovating Institute of Tax Administration needs 67bn/-
IPPmedia
Institute of Tax Administration acting principal Charles Sabuni briefs journalists in Dar es Salaam yesterday on the ITA's graduation to be held tomorrow. (Photo: Tryphone Mweji). President Jakaya Kikwete is expected to be the chief guest at the sixth ...

President Jakaya Mrisho Kikwete with Reasearch fellow and Senior Lecturer at the Muhimbili University of Health Sciences, Dr Julie Makani (left) and Prof. Mwaikambo during his familiarisation tour of the National Institutes of Health (NIH) in Washington DC July 2, 2014.President Jakaya Mrisho Kikwete speaks with members of the National Institutes of Health (NIH) in Washington DC during a familiarisation tour of the NIH, reputedly the largest hospital and reasearch facility in the world July...

Tanzania in international tax law : Tax incentives for foreign investment—1  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—2  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.

“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

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...

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;