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Tanzania News - Business, Taxation & Offshore

IMF Says African Countries Need To Tap New Revenue Streams

by Lorys Charalambous,, Cyprus

Thursday, May 11, 2017

Sub-Saharan African countries should look to tap tax revenues outside natural resources, to finance stimulus measures that could reinvigorate their ailing economies, a new report from the International Monetary Fund says.Read Full Story


IMF Recommends Revenue-Raising For Tanzania

by Lorys Charalambous,, Cyprus

Friday, July 29, 2016

The annual 2016 Article IV Consultation conducted by the International Monetary Fund suggested that the Tanzanian Government's tax revenue levels are too low to finance its infrastructure investment and social service plans.Read Full Story



Report Proposes African Transfer Pricing Improvements

by Lorys Charalambous,, Cyprus

Tuesday, July 19, 2016

The National Resource Governance Institute has released a paper that looks at African nations' efforts to introduce transfer pricing rules in the mining sector and puts forward policy recommendations.Read Full Story


Tanzania Confirms VAT On Financial, Tourist Services

by Lorys Charalambous,, Cyprus

Monday, July 11, 2016

The Tanzania Revenue Authority has clarified how value-added tax should apply to fee-based financial services, since it was introduced on July 1, 2016, alongside VAT on tourist services.Read Full Story



Action Aid Welcomes Reduction In African Tax Reliefs

by Lorys Charalambous,, Cyprus

Wednesday, June 22, 2016

Action Aid has released a new report on the proliferation of tax breaks in East African countries, noting a small fall in value-added tax expenditures.Read Full Story


European Council Approves EPA With East Africa

by Ulrika Lomas,, Brussels

Wednesday, June 22, 2016

On June 20, 2016, the European Council authorized the signature and provisional application of an economic partnership agreement with the East African Community. Read Full Story