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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.
Read more2022 - 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
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.
Read more2021 - 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.
Read more2021 -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).
Read more2021 -2021-06-30
Tanzania Budget Brief 2021-2022
On 10th June 2021, The MoF presented the first budget of the 6th phase of Government under the leadership of Her Excellency Samia Suluhu Hassan, president of the United Republic of Tanzania.
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2021 -2021-05-30
Disclosure of Beneficial Owners
Government Notice No. 391 and No. 386 of 14th May 2021, were published by the Ministry of Industry and Trade, to the effect that all companies are required to disclose beneficial owners.
This is the result of the Amendment of section 2 of the Companies Act, 2002 (the Act) by the Finance Act of 2020 to include the Beneficial Owners as one of the requirements to be reported to the Registrar of the Companies (the Registrar). Following this, the Companies (Beneficial Ownership) Regulations, 2021 (the regulations) came into operation.
Read more2021 -2021-04-23
Tanzania: Update on the Companies Act (January 2002)
The Bill proposes amendments to various laws including the Companies Act, 2002 (the Act) which is the focus of this alert.
Read more2021 -2021-04-22
Tanzania Tax Alert: Qualification for Tax Deduction
Entities may face a challenge to demonstrate that their expenses incurred meet the qualifying test of wholly and exclusive principle as provided under the Tanzanian tax laws.
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