Tax Matters

Finance Act Analysis 2023

The Finance Act of 2023, an essential piece of legislation supporting the government's fiscal proposals outlined in the…
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Guide to the Tanzanian Tax System

TP&Tax (LINK) provides an overview of the tax system in Tanzania, outlining key aspects such as laws and…
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TAXPAYER IDENTIFICATION NUMBER (“TIN”)

A Taxpayer Identification Number (“TIN”) is a unique identification number assigned to individuals and entities largely for tax…
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Introduction of levies on electronic money transactions: Implications

The Finance Act 2022/23 introduced a levy on electronic transactions by replacing “mobile money transfer" with “electronic money”…
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Understanding expenses to be deducted when calculating profit for tax purposes.

As we are approaching the due date for filing the return of income, it is vital to get…
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Do banks trade off 70% of impairment just to save 30% tax?

For a very long time, the banking industry faced challenging circumstances when it comes to impairment of bad…
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Should you accept an interest-free loan?

Anyone who is in the business of lending, would not consider providing interest-free loans because they would quickly…
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Understanding the implications of residence status on income taxation

Tax is the main source of most governments’ revenue. It is through such revenue that governments can afford…
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A Principled Approach to Avoiding Common Pitfalls in Management of Tax Risks

One of the key resources in any organisation is funds. It is the objective of every organisation to…
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Why startups struggle with timing of paying taxes

Operating a business has its own challenges, and one would expect the tax laws to be adaptable enough…
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