Establishment of the Public Service Social Security Fund. Repeal of PSPF, PPF, GEPF and LAPF Pension Schemes. Transfer of employees in the public sector from the repealed schemes to the Public Service Social Security Scheme. National Social Security Fund (NSSF) remains particularly for services to the employees in the private sector. Introduction On 17th November […]
Summary of the Finance Act, 2017
Abolition of annual motor vehicle license and escalation of excise duty on fuel. Abuse of charitable status by charitable organizations addressed. Withholding tax to small and medium scale of miners. Emphasis on Government e-payment system (GePG). Abolition of VAT on transit goods to be consumed outside Tanzania Government and public authorities to open accounts with, […]
Highlights of the Finance Bill, 2017
Abolition of annual motor vehicle license and increase of excise duty on fuel. Abuse of charitable status by charitable organizations addressed. Withholding tax to small and medium scale miners. Emphasis on Government e-payment system (GePG). Abolition of VAT on transit goods to be consumed outside Tanzania. The Finance Bill, 2017 (“The Bill”) dated 2nd June, […]
Transfer of Foreign Currency from Tanzania; The Governing Law and Procedure
• Impact of the centralized economy on foreign currency transfers. • Roles and Responsibilities of the Banks, Financial Institutions and Authorized Cash Dealers. • Bureau De Change vested with a new role of foreign currency transfer. • Transfer of Foreign Currency by Investors. • Limit of Foreign Currency to Residents travelling abroad. • Financial Crimes […]
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