The Court of Appeal’s decision on the interpretation of the Double Taxation Agreement. What does the decision mean to Tanzanian taxpayers/Entities? What does the decision mean to South African Suppliers? The necessity of the Court of Appeal’s Full Bench intervention What should taxpayers do with the existing Arrangements? 1.0 Introduction The Court of Appeal of […]
FINANCE LAW UPDATE: ANALYSIS OF THE NEW FOREIGN EXCHANGE REGULATIONS IN TANZANIA.
What do the Regulations say about investment in Securities? Are Foreigners eligible to invest in Government Securities? Requirement for Non-residents to have Securities Settlement Account Conditions for Foreign Credit Accommodation Agreements Issuance of securities in SADC and EAC member countries Maintaining Foreign Banks accounts and outward direct investment by Residents How are Export, Import, and […]
FINANCE AND TAX LAW UPDATE: OVERVIEW OF THE THE FINANCE ACT, 2022 AMENDMENTS AND ITS IMPLICATION TO BUSINESS AND INVESTMENT IN TANZANIA.
Introduction of Digital Services Tax Exemption of withholding tax from interest paid to holders of corporate and municipal bonds Tax credit for business or investment operating in both Mainland Tanzania and Zanzibar Introduction of a standard rate of tax on presumptive income Introduction of amicable settlement in tax disputes Introduction of mandatory issuance of taxpayer […]
FINANCE LAW UPDATE: BREAKTHROUGH ATTORNEYS’ OVERVIEW OF THE TANZANIA’S BUDGET FOR THE FINANCIAL YEAR 2022/2023.
Our Tax Department at Breakthrough Attorneys has prepared this general overview of the budget for the financial year 2022/2023 highlighting the estimates of the Government’s revenue and expenditure for 2022/2023.
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