WITHHOLDING TAX ON FEE FOR SERVICES RENDERED OFF-SHORE TANZANIA. IS IT END OF THE ROAD?
Withholding Tax on fee for services rendered off-shore Tanzania. Is it end of the Road? For a decade now, businesses operating in Tanzania and particularly in the oil and gas sector have been fighting with the Tanzanian Tax Revenue [...]
CONSEQUENCES OF FAILURE TO TAKE ESSENTIAL STEPS AFTER LODGING A NOTICE OF APPEAL
CONSEQUENCES OF FAILURE TO TAKE ESSENTIAL STEPS AFTER LODGING A NOTICE OF APPEAL Prelude Any appeal to the Court of Appeal of Tanzania is preceded by a notice of appeal which has to be filed within thirty (30) days [...]
A WAKE-UP CALL FOR BANKS AND FINANCIAL INSTITUTIONS IN RECOVERY OF LOANS FROM DEFAULTING BORROWERS
A WAKE-UP CALL FOR BANKS AND FINANCIAL INSTITUTIONS IN RECOVERY OF LOANS FROM DEFAULTING BORROWERS How and to what extent an error of the Auctioneer during public auction can cause a significant trouble to the Bank and/or Financial Institutions [...]
Declaration of Beneficial Owners and Establishment of a Beneficial Owners Register. What you need to know
Declaration of Beneficial Owners and Establishment of a Beneficial Owners Register. What you need to know Preamble The Finance Act, No. 8 of 2020 which came into effect on 1st July 2020 made some notable changes to the Companies [...]
Litigating a Transfer Pricing (TP) Dispute? Brace yourself. Some tips/ lessons
Litigating a Transfer Pricing (TP) Dispute? Brace yourself. Some tips/ lessons. This note aims at preparing businesses as they embark on what can be a protracted TP dispute against the Tanzania Revenue Authority (TRA). A task force within TRA [...]
A Glance at The Legal Framework of Non-Governmental Organizations in Tanzania
A Glance at The Legal Framework of Non-Governmental Organizations in TanzaniaOn 30th June, 2019, the President of the United Republic of Tanzania assented to the Written Laws (Miscellaneous Amendments) Act No. 9 of 2019, which incorporates amendments of eight (8) [...]
The Court of Appeal of Tanzania Rules that Payment for Acquiring Computer Software is Royalty subject to Withholding Tax
The Court of Appeal of Tanzania Rules that Payment for Acquiring Computer Software is Royalty subject to Withholding Tax The growth in technology has changed how business are operated by firms throughout the world. One of the key contributing [...]
Update on Waiver Appeals Before Tax Appellate Bodies
Update on Waiver Appeals Before Tax Appellate Bodies When the Tanzania Revenue Authority (TRA) assess a taxpayer, a dissatisfied taxpayer can object against the assessment to the Commissioner General (CG). The objection is only admitted by the CG if [...]
Taxation System in Tanzania
Taxation System in Tanzania The tax regime in Tanzania consists of a number of direct and indirect taxes including income tax, Value Added Tax, import duty, excise duty, and stamp duty. There are also taxes levied at the local [...]