Tanzania

Displaying 13 - 18 of 118

 

How do taxes on Tanzania’s tourism and hospitality sectors affect local businesses?

 

While many countries have overlooked vocational education to focus on schools and universities, Tanzania has had a thriving vocational segment for decades. Indeed, it has proved more responsive to the needs of an evolving society and a growing market than much of the education sector, and has taken a lead in involving foreign and private...

 

As many nations in sub-Saharan Africa rely largely on tax revenues to fund spending, governments have been known to be displeased with businesses that delay recouping investments and consequently graduate into the income taxpayers’ group. However, imposing income tax on businesses yet to recoup their initial investment would deter investors....

 

Tanzania has a broad taxation system covering income taxes, value-added tax (VAT), stamp duty, and Customs and excise duties. These are governed by laws that provide for the charge, assessment and collection of taxes. The Tanzania Revenue Authority (TRA) may conduct tax audits of individuals and entities to confirm that they are compliant and...

 

With the introduction of new local content regimes, Tanzania has seen a recent overhaul in its natural resources industry. While not a new concept, the regulations extend beyond mineral licence holders and internal oil companies by imposing local content requirements on the complete supply chain. This means that all mining and most petroleum...

 

Although priorities vary when it comes to economic development, the increasing need for skilled labour is both a cause of and a requirement for accelerated growth across markets. This demand for technical specialists is often most concentrated in the sectors that are vital to economic advancement, including infrastructure, oil and gas...

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