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2022 - 2022-06-15

PKF Tanzania Budget Brief 2022-2023

Tanzania Government budget for the fiscal year 2022-2023 was read on Tuesday, 14 June 2022. The budget has been set at Tshs. 41.48 Trillion Which is a 14% increase from the prior year’s TShs 36.34 Trillion budget which was later on revised to TShs 37.98 Trillion in March 2022 due to a loan from IMF.

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2022 - 2022-06-15

Disclosure of Beneficial Owners Tanzania - Extension of Submission

Six Months Extension of Submission of Beneficial Owners Information.

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2022 - 2022-06-15

Withholding Taxes on E-filling systems

The advancement of technology has transformed the world such that certain tasks have become simpler and easier. This revolution has resulted in TRA reforming the convention way of receiving WHT submission to an online revenue gateway system.

This article outlines the guidelines and steps for filling withholding takes and generating WHT certificates online.

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2022 - 2022-06-13

Tanzania- Foreign Exchange Regulations, 2022.

In safeguarding and controlling forex transactions in Tanzania, the Bank of Tanzania (BOT) has published new regulations to regulate foreign exchange in Tanzania.

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2022 -2022-06-13

Tax Law Update-Misc. Amendments No. 6 of 2021

In December 2021, Tanzania enacted the Written Laws (Miscellaneous Amendments) (No. 6) Act, 2021 which is effective from 17 December 2021.

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2022 -2022-06-13

Tanzania- Transfer Pricing

Transfer pricing (TP) is the practice of setting the price of goods and services for transactions between affiliated organizations, for example, a manufacturer and a distributor owned by the same parent company. The effective management of transfer pricing allows global companies to achieve the best financial outcome possible.

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2022 -2022-01-31

Tax Alert: Issue No.1 of 2022

Tax Changes Effective 1 January 2022 Through the Finance Act
2021 and other Notable Tax Matters

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2021 -2021-11-15

Tanzania: Amendment on the Companies Act, 2002

This is to inform you that the Written Laws (Miscellaneous Amend­ments) (No. 3) Act, 2021 was published in the Special Gazette of the United Republic of Tanzania on 11th October, 2021 to amend various laws including the Companies Act, 2002.

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2021 -2021-08-09

Kenya Tax Alert: Value Added Tax (Electronic Tax Invoice) Regulations, 2020

Please find attached our detailed analysis of the key regulations contained in the Value Added Tax (Electronic Tax Invoice) Regulations, 2020.

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2021 -2021-08-09

Tax Alert: Updates

Kindly find attached our updates on Conservatory Order Suspending the implementation of

Minimum Tax under section 12 D of the Income Tax Act and the Automation of Voluntary Tax Disclosure Programme (VTDP). 

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