A massive boost on foreign investment in Tanzania Criteria for eligibility and related issues enunciated Attracting the inflow of foreign investment has assumed a prominent place in the strategies of economic growth of many countries, Tanzania included. Tanzania like many other countries across the globe has resolved to build and maintain an attractive and friendly […]
Raising Tax Assessment Objections In Tanzania
A glance on the ‘pay now argue’ later principle Highlight of the impending Finance Act 2016 towards further grounding the taxpayer to pay tax before objection is determined The taxing authority, Tanzania Revenue Authority (TRA) is empowered to make assessment and collect taxes in relation to the amount of tax assessed. At any time that a […]
Tanzania Introduces New Taxing Rules On The Mining and Petroleum Operations As Per The Finance Act, 2016
The Finance Act, 2016 has been passed by Parliament and became effective as from 1st July, 2016. Breakthrough Attorneys has noted that this Act has introduced new taxing provisions for both mining and petroleum operations. Part V, Division IV has been added to cater for taxation on mineral operations. Part V, Division V introduces taxing rules […]
Legal Guidance on Appeals on Tax Matters
LEGAL GUIDANCE ON APPEALS ON TAX MATTERS: BASED FROM A RECENT DECISION OF THE COURT OF APPEAL OF TANZANIA Restatement of the hierarchy of courts for tax disputes Procedural and Statutory Requirements Emphasized Introduction The Court of Appeal of Tanzania (‘the Court’) in its recent decision in the case of G.S. Contractors Limited v. […]