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2023 - 2023-09-25
PKF Alert - Amendment of Zanzibar Companies Act
The Revolutionary Government of Zanzibar on the 22nd December, 2022 published the Written Laws (miscellaneous Amendment) Act no. 10 of 2022.
Read more2023 - 2023-09-25
Tanzania- Registration of Storage Facilities
As introduced by the Finance Act 2022 which came into effect from 1 July 2022, that any person who establishes a storage facility with the aim of keeping goods for business purpose shall register the facility with the TRA
Read more2023 - 2023-09-25
Tanzania - PKF Budget Brief 2023-24
On Thursday, 15 June 2023, the Honorable Minister of Finance presented Tanzania’s Economic updates,Government budget and Tax reforms for the fiscal year 2023/24.
Read more2023 - 2023-09-25
Tanzania-EPZA-Non-Compliance
The Board of Directors of Export Processing Zone Authority (EPZA) has noticed that most investors apply for renewal of licenses after the expiry contrary to requirements of regulation 16(4) of the Export Processing Zones (General) Regulations, 2003 (the EPZA regulations) which requires them to apply for renewal Three (3) months before expiry.
Read more2023 -2023-09-25
Tanzania - New Minimum Wages for Private Sector 2022
What is the Minimum Wage for Private Sectors in Tanzania?
Minimum Wage is the lowest amount of salary/wage an employee is legally entitled for his work in the particular private sector.
Read more2023 -2023-09-25
Tanzania -Preparation and Maintenance of the Value Added Tax Account
It is required by the law that all registered Value Added Tax (VAT) traders in Tanzania Mainland to prepare and maintain a VAT account.
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Tanzania- Retention of Documents
Pursuant to section 455A of the Companies Act, Act no. 12 of 2002 (the Act), the minister of Industries and Trade through a Government Gazette no. 485 of the 21st day of July 2023 has published regulations regarding Documents retention known as the Companies (Retention and Disposal of Company Documents) Regulations, 2023.
Read more2023 -2023-09-25
Tanzania- Withholding taxes on E- Filing System
Advancement of technology has transformed the world such that certain tasks have become simpler and easier. This revolution has resulted into TRA to reform the conventional way of receiving WHT submission to an online revenue gateway system.
Read more2023 -2023-06-16
Tax Alert: National Budget Statement Synopsis 2023 /2024
The Cabinet Secretary (CS) for The National Treasury and Economic Planning presented his Budget Statement for the financial year 2023/2024 on the 15 June 2023.
Read more2023 -2023-06-15
Tax Alert: Finance Bill, 2023
The Finance Bill, 2023 (“the Bill”) was published on 28th April 2023 and has already been
referred to the Departmental Committee on Finance and Planning of the National Assembly for consideration and reporting to the House. The National Assembly has invited the public and relevant stakeholders to submit their comments on the Bill by 20th May 2023