Highlight of the key differences between the old and the new Act Is the current Act more favourable to investors (local and foreign)? What is the timeframe for the issued certificate of incentives? Can an investor transfer the certificates of incentives? Requirements for investors to qualify under the Strategic or Major investment category What happens […]
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 […]
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 […]
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.