Taxpayer’s eligibility to refund of tax paid in excess. The mode of making the application for a refund. Limitation period within which to make an application. Timelines for the Commissioner General to make his final decisions. The procedure for payment of the refund to the taxpayer. VAT refund. Power of the Commissioner General to offset […]
FINANCE AND TAX LAW UPDATE: BREAKTHROUGH ATTORNEYS’ HIGHLIGHT OF THE FINANCE ACT, 2021 AND ITS IMPACT TO TAX LAWS IN TANZANIA.
Widening the scope of Income Tax exemption. Granting power to the Minister to grant Exemption on strategic projects without Approval of the Cabinet for specified threshold. Reduction of the minimum Pay As You Earn rate for employees. Enabling depreciation costs calculation on the cost of assets used in international pipelines. Exemption of Skills Development Levy […]
FINANCE LAW UPDATE: BREAKTHROUGH ATTORNEYS’ OVERVIEW OF THE TANZANIA’S BUDGET FOR THE FINANCIAL YEAR 2021/2022
Performance evaluation of the 2020/2021 budget The macroeconomic policy targets. Government’s Policy and Strategies to increase Revenue in 2021/2022. Our comparative highlight with the policy to remedy and cushion the economy from COVID-19 impact Priority areas include industrialization and promotion of trade and investment. Proposed changes to improve Employees’ welfare. The Government proposes amendments of […]
GENERAL UPDATE: SYNOPSIS OF H.E. PRESIDENT SAMIA SULUHU HASSAN’S ADDRESS TO THE PARLIAMENT 22ND APRIL 2021. PRIORITY AREAS OF THE TANZANIAN 6TH PHASE GOVERNMENT TOWARDS TANZANIA ECONOMIC GROWTH
Key focus is on Tanzania economic growth and identification of priority areas. Amendment of Policies, Laws, and Regulations governing investment in the country. Transformation of the tax collection and administration system. Working closely with the private sector. Development and reforms in the Mining Sector. Improvement and industrialization of agriculture. Transport and Communication improvement. Democracy, People’s […]
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