Tax relief enables beer producers to sell more Sparing drinks of tax rises positive

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.

Tanzania move on tax is positive
East African Business Week
I fully support the latest measure by the Tanzania government to get people to pay the required taxes. The move by the trade ministry to only issue licenses after confirming applicants have a tax clearance certificate is positive. Hopefully this will ...

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 ...

The Bank of Tanzania (BoT) yesterday adjusted the time of tax payment through its system called Tanzania Interbank Settlement System (TISS] .

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

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...