URA rejects Museveni’s tax exemption grant directive

 In a bid to increase government revenues and minimise budget dependency, the government is looking forward to table the tax exemption bill that will enable MPs to debate and come up with best means of collecting revenues.

Manufacturers of Moto Poa stoves and gel which has been used in some areas as an alternative to kerosene have pleaded with the government to consider reinstating tax exemption on the products to promote the use of clean energy among ordinary Tanzanians.

Were issues of workers addressed in the last but one budget of President Jakaya Kikwete’s administration? They expected at least the pay as you earn to be reduced to a single digit but it’s still at double digit.

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.

“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...