Tax Amnesty

TRA has issued a TRA Tax Amnesty Notice 11 July 2018 further to the Finance Act 2018. A taxpayer must submit form ITX207.01.E which is found on the TRA Website. Please contact us if you have any comments or questions, so we can advise you further.  

Budget Speech June 2018

Copy of Budget Speech 2018 by Minister for Finance and Planning for the estimate of government revenue and expenditure for 2018/19. This shall be debated in Parliament and a resultant Finance Act shall be enacted of the approved provisions.  NB not all the proposals are certain to make it through. Please contact us if you have any … Read more

Tanzania Investment Policy Assessment May 2018

USAID has published its Tanzania Investment Policy Assessment 2018 via its East Africa Trade + Investment Hub. Statistics are from United Nations Conference on Trade and Development (UNCTAD). See: http://unctad.org/en/Pages/statistics.aspx The set of investment policy questions that guided the research process are adapted from the World Bank Group. See http://documents.worldbank.org/curated/en/666341500008847215/pdf/117475-PUBLIC-WP-13-7-2017-12-8-30-SPIRAToolKitGuide.pdfInternational best practice is cited from several … Read more

Blueprint for Regulatory Reforms to Improve Tanzanian Business Environment

Ministry of Industry, Trade and Investment, Dodoma has in May 2018 published a Blueprint for Regulatory Reforms to Improve the Business Environment dated December 2017. The Blueprint provides the Government’s main framework for enabling a holistic review of the business enabling environment (BEE) in order to improve the business climate in Tanzania. It presents key … Read more

Importance of Tax Advice When Investing in Emerging Markets

Read here a view on the Court of Appeal decision where the Tanzanian Court of Appeal has upheld the April 2016 decision of the Tanzanian Tax Revenue Appeals Tribunal that a UK-listed subsidiary (Acacia Mining PLC (Acacia)) of Canadian gold mining parent (Barrick Gold Corporation) entered into “a sophisticated scheme of tax evasion,” designed to … Read more

TIN Certificate Re-registration

Tanzania Revenue Authority has announced that all registered taxpayers must promptly report to TRA for verification of their TIN Certificates and will be reissued with a new TIN Certificate.

The final verification date is 15 October 2016, as extended to 30 November 2016 and further extended to 31 January 2017.

We can assist clients with this verification process.

Read moreTIN Certificate Re-registration