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 […]
FINANCE LAW UPDATE: BREAKTHROUGH ATTORNEYS’ OVERVIEW OF THE TANZANIA’S BUDGET FOR THE FINANCIAL YEAR 2021/2022
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 […]
LITIGATION LAW UPDATE: BILL PROPOSES SWAHILI LANGUAGE TO BE USED AS THE LANGUAGE OF THE LAWS OF THE UNITED REPUBLIC OF TANZANIA
The Bill is yet to be tabled to the National Assembly. The language of the laws to be in Kiswahili. The language of the courts, tribunals and other bodies shall also be Kiswahili Circumstances where English may be used in dispensing justice. The Minister may determine situations where a law can be written in another […]
TAX LAW AND NGO’S PRACTICE UPDATE: THE TAX REVENUE APPEALS BOARD HOLDS THAT NOT FOR PROFIT ORGANIZATION IS EXEMPTED FROM TAX WHEN THERE IS AN AGREEMENT FOR EXEMPTION OF TAXES WITH THE GOVERNMENT OF TANZANIA
An agreement between the taxpayer and the government for purposes of tax exemption bind the TRA. Employees of Organizations covered by the bilateral treaty between the United States of America and the United Republic of Tanzania on Economic and Technical Cooperation are exempted from PAYE. Employers who are Non Profitable Organizations are exempted from Skills […]
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