TRA Targets 20 Percent GDP Revenue Rise By 2018
AllAfrica || 20 March 2014
THE fourth corporate plan of the Tanzania Revenue Authority (TRA) for 2013/14 and 2017/2018 is expected to guide the tax agency towards increasing revenue to 20 per cent of the country's Gross Domestic Product (GDP) by 2018. In view of the projections, baseline tax collection are set to increase from 9.5 to 18.8trn/-, which is an increase of 98 per cent, during the five-year period… Readmore>

EAC Should Agree on Tax Incentives
AllAfrica || 17 March 2014
Earlier this month, top representatives of India-based Hero Motocorp were in Uganda to launch their latest model for the local market. In passing, it was also mentioned that the company would like to set up a fully fledged factory to manufacture motorbikes in Uganda instead of assembling them… Readmore>

Import Tax Zanzibar's Revenue Leading Contributor
IPPMedia || 14 March 2014
Tax on import accounted for the largest shares in terms of contribution of total revenue in Zanzibar, the Bank of Tanzania (BoT) has said. According to BoT’s Monthly Economic Review for January, others were value added tax (VAT) and excise duties… Readmore>

Time Hullabaloo On EFDs Came to End
AllAfrica.Com || 04 March 2014
In a bid to boost revenue collection, the Tanzania Revenue Authority (TRA) adopted and introduced the Electronic Fiscal Device (EFD) to the business community for efficient management controls in areas of sales analysis and stock controls… Readmore>

Hostile tax laws worry EAC health investors || 04 March 2014
Investors in East Africa are warning that hostile tax laws will render the East Africa Community (EAC) bloc less attractive for local and direct foreign investments. They say harsh tax regimes, made worse by inefficient tendering and... Read more>

EFD Saga, Delayed Taxes Widen Budget Deficit || 03 March 2014
THE protracted wrangle over the use of electronic fiscal devises and delayed implementation of some tax measures have widened a budget deficit in the first half of the 2013/14 financial year. The Central Bank says in its latest monthly report that… Readmore>

Firm “Coaching” MNCs on Tax Avoidance
DailyNews || 01 January 2014 
TANZANIA is one of several African countries negotiating a tax treaty with Mauritius that will enable multinational corporations avoid paying requisite taxes locally. An ActionAid report released recently said such a tax treaty will prevent the country from double-taxing multinational companies which are based in Mauritius. Accusing global… Readmore>