Taxation in Tanzania

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Revenue collection from large tax payers for the period of 10 months between July 2017 and April this year fell short of the target by a marginal 10.78 per cent.

Tanzania’s government won a court case on Tuesday against bloggers and activists who sought to block the enforcement of tough, new online content regulations that require them to be registered and declare their financial backers.

A fresh round of trade wars is simmering in East Africa after Tanzania and Uganda imposed taxes on Kenya made confectionery products like chocolate, ice cream, biscuits and sweets citing use of imported industrial sugar in the goods.

Tanzania’s new central bank governor will be tax law professor Florens Luoga, the country’spresident said on Monday.

After the 2015 general elections, Tanzania elected President John Magufuli. He promised to transform an economy hobbled by bureaucracy and corruption and carry out a major building program. To drive this economic growth, higher tax bills have been imposed on companies, therefore, big foreign investors plan to relocate to neighbouring countries.

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