by Lexxon | Aug 21, 2025 | Uncategorized
The Minister of Finance, Hon Dr.Mwigulu Nchemba read the 2025 -26 budget at the National Assembly on the 12th of June 2025. This was the 5th budget for the sixth phase government lead by her excellency, Dr.Samia Suluhu Hassan, and apivotal one, given the looming...
by Lexxon | Aug 20, 2025 | Uncategorized
Highlights Tanzania has amended its taxlaws to tax the digital economy ▪The amendments took effect on1st July 2022 ▪Digital Service Tax (DST)applies for both Income Tax andValue Added Tax ▪Regulations only cover non-residents. Residents providingelectronic services...
by Lexxon | Aug 6, 2025 | Tax
I have recently been embroiled in a dispute with the Zanzibar Revenue Authority (hashtag#ZRA) regarding a hashtag#ValueAddedTax (VAT) refund’s issue on behalf of a client, that got me to write an article about it, hoping it could raise awareness and influence a...
by Lexxon | Aug 5, 2025 | Tax
The Minister of Finance in the recently read #budgetspeech for #2025-26 proposed amendments to the definition of capitalisation of profits in the #Income Tax Act 2004 (herein “ITA”) to include retained earnings that remain undistributed for a period of six...
