TAX LAW UPDATE: TAX REFUNDS IN TANZANIA; THE PRACTICE AND PROCEDURE FOR REFUND OF TAXES PAID IN EXCESS
August 11, 2021
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 […]
Read MoreFINANCE AND TAX LAW UPDATE: BREAKTHROUGH ATTORNEYS’ HIGHLIGHT OF THE FINANCE ACT, 2021 AND ITS IMPACT TO TAX LAWS IN TANZANIA.
July 15, 2021
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 […]
Read MoreFINANCE LAW UPDATE: BREAKTHROUGH ATTORNEYS’ OVERVIEW OF THE TANZANIA’S BUDGET FOR THE FINANCIAL YEAR 2021/2022
June 18, 2021
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 […]
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