INSIGHTS
Understanding Purchase and Expense Records for VAT Returns
Lowering the penalty for the offense of not issuing receipts or not using electronic machines (EFD) from 300 currency points....
August 05, 2024
Finance Act 2023: Changes in the SDL Rate and Non-Filing of SDL Returns
The Finance Act 2023 introduces key changes to the Vocational Education and Training Act, Cap 82, with the goal of reducing...
July 11, 2023
New Changes in the Tax Administration Act
The Tax Administration Act has undergone significant amendments aimed at improving tax compliance, addressing taxpayer concerns, an....
September 19, 2023
Common Tax Filing Mistakes to Avoid
Tax season can be overwhelming, but staying informed can help you avoid common pitfalls that could lead to errors, penalties, or missed opportunities....
April 01, 2024
What to Expect from the Penalty Reduction for EFD Offenses
The recent change in the penalty for not issuing receipts or not using Electronic Fiscal Devices (EFDs)—from 300 currency points ....
November 08, 2024
Tax Reforms for Zanzibar as per Financial Bill 2023/24
The Zanzibar government has outlined significant tax reforms in the Financial Bill 2023/24, with a projected revenue col...
August 29, 2023
Unlocking Business Potential: The Role of Advisory Services
Looking to elevate your business and unlock new growth opportunities? Our advisory services are designed to guide you ....
December 04, 2024
Insight on Transaction Value as the Basis of Customs Valuation, as Decided by the Court of Appeal
In a significant ruling by the Court of Appeal in October 2023, the case between Game Discount World Tanzania Limited—a ....
April 19, 2024
Court of Appeal Rules in Favor of the Taxpayer: Withholding Tax on Rent
In a landmark ruling delivered in April 2023, the Court of Appeal of Tanzania (CoA) issued a judgment in Civil Appeal No. 380 of....
May 04, 2023
Zanzibar Finance Act 2024: Key Tax Changes
In June 2024, the Zanzibar Minister for Finance and Planning presented the budget for the financial year 2024/25.
July 30, 2024
Insight on Transaction Value as the Basis of Customs Valuation, as Decided by the Court of Appeal
In October 2023, the Court of Appeal heard a significant case involving Game Discount ....
October 16, 2023
Professional Skepticism in Auditing 15/12/2023
Professional skepticism is defined in the International Standards on Auditing (ISAs) as "an attitude that includes a questioning ....
December 15, 2023
Tanzania Budget Highlights 2023/24
Budget at a Glance
The Minister for Finance and Planning, Hon. Dr. Mwigulu Nchemba, presented the 2023/2024 budget estima....
June 18, 2023
Neutral Tax Effect on Transfer of Assets Between Associates as Governed by Section 44 of the Income Tax Act 2004
When an individual or entity relinquishes ownership of an asset through selling, ....
February 06, 2024
