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....
September 20, 2022
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...
September 20, 2022
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 20, 2022
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....
September 20, 2022
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 ....
September 20, 2022
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...
September 20, 2022
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 ....
September 20, 2022
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 ....
September 20, 2022
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....
September 20, 2022
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.
September 20, 2022
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 ....
September 20, 2022
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 ....
September 20, 2022
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....
September 20, 2022
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, ....
September 20, 2022
