Ride-hailing services in Tanzania are regulated by a government regulatory authority known as the Land Transport Regulatory Authority (LATRA) established under section 4 of the Land Transport Regulatory Authority Act No. 3 of 2019. LATRA was established to regulate the land transportation activities in the country such as transportation of goods and passengers; railways, and cable transport; to regulate transportation charges and rates; to issue, renew and cancel permits or licenses; and to coordinate land transport safety activities, just to name a few.
TAX LAW UPDATE: TAX REFUNDS IN TANZANIA; THE PRACTICE AND PROCEDURE FOR REFUND OF TAXES PAID IN EXCESS
Taxpayer’s eligibility to refund of tax paid in excess. The mode of making the application for a refund. Limitation period within which to make an application. Timelines for the Commissioner General to make his final decisions. The procedure for payment of the refund to the taxpayer. VAT refund. Power of the Commissioner General to offset […]
FINANCE AND TAX LAW UPDATE: BREAKTHROUGH ATTORNEYS’ HIGHLIGHT OF THE FINANCE ACT, 2021 AND ITS IMPACT TO TAX LAWS IN TANZANIA.
Widening the scope of Income Tax exemption. Granting power to the Minister to grant Exemption on strategic projects without Approval of the Cabinet for specified threshold. Reduction of the minimum Pay As You Earn rate for employees. Enabling depreciation costs calculation on the cost of assets used in international pipelines. Exemption of Skills Development Levy […]
FINANCE LAW UPDATE: BREAKTHROUGH ATTORNEYS’ OVERVIEW OF THE TANZANIA’S BUDGET FOR THE FINANCIAL YEAR 2021/2022
Performance evaluation of the 2020/2021 budget The macroeconomic policy targets. Government’s Policy and Strategies to increase Revenue in 2021/2022. Our comparative highlight with the policy to remedy and cushion the economy from COVID-19 impact Priority areas include industrialization and promotion of trade and investment. Proposed changes to improve Employees’ welfare. The Government proposes amendments of […]