TRA has rolled out an upgraded system for VAT electronic filing as part of its recent push to leverage technology and to enhance the tax compliance. The following are the additional guidelines issued by TRA to enhance the understanding of the users and the public at large.
Guidance on the usage of invoices under the upgraded VAT return e-filing system Read More »
We refer to the public notice issued by TRA on 3rd February 2022 and wish to inform all VAT registered traders that TRA has upgraded its electronic system for filing of VAT returns which will be effective from 1st March 2022 and therefore it shall become operational from the VAT returns for March 2022 that
Introduction of Upgraded VAT Electronic Filing System Read More »
An intangible asset is defined under International Financial Reporting Standards (IFRS®) as an identifiable, non-monetary asset without physical substance. Intangible assets are identified separately on a company’s financial statements, and come in two primary forms: Legal intangibles and competitive intangibles. Our recent article written by Irfan Ismail Sadik – available for download here – explores
Accounting Intangible Assets Read More »
A recent article by The Citizen citing data from the Central Bank of Kenya today mentions: The value of goods that Kenya imports from Tanzania — including cereals, wood, and edible vegetables — hit a high of Sh370 billion in the review period, according to data from the Kenya Revenue Authority (KRA) published by the
Tanzania Exports Overtake Kenya’s Imports Read More »
On 10th June, 2021, The Minister of Finance of the United Republic of Tanzania, Dr. Mwigulu Lameck Nchemba (Mb) presented the 1st Budget of the 6th Phase Government under the leadership of Her Excellency President Samia Suluhu Hassan, asserting the Government’s intention to sustain foundations set forth by previous regimes, to adopting the good practices
BAC Overview of Tanzania Budget Read More »
Tanzania’s finance minister has proposed amendment in the Income Tax Act, Chapter 332 with the aim of providing income tax relief to employees. Read more via The Citizen here.
Budget 2020 proposes tax relief to employees Read More »
After months of preparations, Electronic Tax Stamps (ETS) will now be installed on fruit or vegetable juices and bottled water, Tanzania’s Revenue Authority (TRA) said. Read more via The Citizen here.
Tanzania rolls out electronic tax stamps on all soft drinks, bottled water Read More »
THE deposits for banking institutions rose by 6.6 per cent to 20.07tri/- at the end of March, compared with 18.83tri/-recorded in the corresponding period last year, contributed largely by the increased number of agent banking services. Read more via Daily News here.
Quarterly banking sector deposits 6.6 pc Read More »
