Category: Tanzania

Tanzanian freelance journalist in court over money laundering, tax evasion

DAR ES SALAAM, Aug. 5 (Xinhua) — Tanzanian freelance journalist Eric Kabendera on Monday appeared in court charged with money laundering, tax evasion and leading organized crime. The state prosecution told the Kisutu Resident Magistrate’s Court in the commercial capital Dar es Salaam that on diverse dates between January 2015… – Continue reading

IMF Says African Countries Need To Tap New Revenue Streams

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. The IMF’s Regional Economic Outlook for Sub-Saharan Africa report, released on May 9, notes that growth in the Sub-Saharan… – Continue reading

Fraud, tax avoidance threaten regional economies in East Africa: experts

East Africa tax experts have raised concerns over increasing cases of tax evasion and fraud by some tax payers in the region which is crippling the economies. They made the remarks on Wednesday during the 6th East Africa regional meeting on tax investigation and enforcement in the Rwandan Capital Kigali…. – Continue reading

Global crackdown on tax evasion signals the end of bank secrecy era

Unknown to many Kenyans, Parliament’s passing of Finance Bill, 2016 that granted amnesty to Kenyan residents who have offshore incomes and assets in foreign banks had a very global agenda. The foreign income that is subject to amnesty is for the year ended December 31, 2016 and offers a waiver… – Continue reading

UK aid programme “failing to tackle tax avoidance and evasion”

A report by the Independent Commission for Aid Impact (ICAI) has criticised the Department for International Development’s (DfiD) approach to tackling tax avoidance and its alleged failure to achieve value for money on HMRC collaboration DfiD has failed in its efforts to fully include developing countries so that they benefit… – Continue reading

Tanzania extends its e-tax system to cut fraud

Tanzania’s president, John Magufuli, has extended the e-tax system to all government bodies as he bids to slash fraud. Tanzania’s president, John Magufuli, has been in office for less than a year, but he is already making a name for himself as a staunch opponent of fraud and corruption. Magufuli… – Continue reading

EAC fail to reach consensus on common tax rates

East African Community member states have failed to reach a deal on a common tax rate as the bloc’s smaller economies worry about significant revenue losses. The failure to harmonise value added tax, income tax and excise tax rates has left the regional bloc deliberating on how to harmonise legislation… – Continue reading

Kenya Enacts Tax-Avoidance Law to Deal With Transfer Pricing

Kenya enacted a new law targeting units of foreign companies that escape remitting most of their domestic taxes by allocating income to tax havens while attributing expenses to the East African nation, a practice known as transfer pricing. The Tax Procedures Act gives the Kenya Revenue Authority powers to investigate… – Continue reading

Tanzania: Managing Tax Risks – Double Tax Treaties and Implications to Undertakings of Multinationals

The term double taxation refers to an exposure to tax more than once on the same profit or income. There are two types of double taxation i.e. economic double taxation and juridical double taxation. Economic double taxation is broad and occurs in a situation where an amount of income is… – Continue reading

Nigeria: A Review of the Major Tax and Fiscal Policy Events in the Past Year

The year 2015 will be marked as the year of slow economic growth and haphazard fiscal and monetary policies due in part to the uncertainties brought about by the change in government. There were also leadership changes at the FIRS and a number of state tax authorities. This article outlines… – Continue reading

Panama thumbs its nose at transparency – again

We have on several occasions fingered Panama as a particularly recalcitrant secrecy jurisdiction: our recent Panama Narrative Report spills a fair number of beans in that respect. Its recalcitrance is perhaps hardly surprising, given the quantity of Colombian and Mexican drugs money believed to be sheltered there – to name… – Continue reading


Multinationals operating in Kenya, Tanzania and Uganda will be among the first in Africa to feel the impact of new measures to be adopted in January to curb tax losses caused by manipulation of contracts between related companies. The three countries together with Nigeria, Ghana, Burkina Faso, Senegal, Botswana and… – Continue reading

Kenya and South Africa tax deal takes effect in January

The Kenya-South Africa double taxation agreement comes into force from January 1. An announcement in the November 19, South African government gazette says the agreement applies for taxes withheld at source. “A resident of Kenya will not be taxed on any South African business profits, unless it carries on business… – Continue reading

Kenya: ‘Kenya Losing Billions to Tax Havens’

The government has been accused of opening a loophole that allows super rich individuals and multinational companies to avoid taxes. The Tax Justice Network (TJN), a lobby group, has sued the government over agreements, which it says are robbing Kenya of the ability to raise revenues domestically, driving the country… – Continue reading

Tax executives set to convene

Business Reporter Tax administrators from all over Africa are set to meet from October 20 to 22 2015 in Lomé, Togo under the auspices of the African Tax Administration Forum (ATAF),the premier tax organisation on the continent,which holds its 2nd International Conference on Tax in Africa (2ICTA). The gathering of… – Continue reading

Swiss join IFC to promote EAC corporate transparency

NAIROBI, Kenya – The World Bank’s private arm, the International Finance Corporation (IFC) has jointly launched a business transparency initiative with the Swiss government, to promote corporate leadership in East Africa with the aim of helping firms attract foreign investments. The aim of the new initiative is to help firms… – Continue reading

Political courage needed on tackling inequality

Government must make good on its vows, says Jamie Livingstone In less than two weeks, leaders from 193 states will meet at the United Nations in New York to formally adopt, in effect, a new plan to fight extreme poverty, tackle inequality and end hunger. The Sustainable Development Goals (SDGs)… – Continue reading

Kenya and U.S. Agree Deal On Stringent Measures to Stem Runaway Corruption

An agreement signed between Kenya and the American government could introduce new drastic measures in curbing corruption and help seal loopholes in the dwindling war against the vice in the government. But the initiative could dampen hopes of Cabinet secretaries mentioned in various corruption scandals of ever getting back to… – Continue reading

Tanzania: Double Taxation Agreements Support Investors

One of the most immediate and obvious consequences of globalisation is the impact of domestic tax policies in other countries on the economy of Tanzania. This has necessitated the continuous evaluation of the tax regime in Tanzania and brought about crucial fiscal and economic reforms in the country. Hence, the… – Continue reading

Kikwete tells Indians to come over

NEW DELHI, India – Tanzanian President Jakaya Kikwete was recently in New Delhi at the invitation of Indian investors and to drum up more foreign investment for his country The interactive session was attended by several hundred businesspeople and organised by the Confederation of Indian Industries (CII). Kikwete said although… – Continue reading

MPs accused of rampant tax evasion

Some Members of Parliament and top government officials have been associated with tax evasion, with stakeholders demanding that the law take its course. Speaking at a 2015/16 budget review session over the weekend in Dar es Salaam, stakeholders warned that, tax evasion by high ranking officials and MPs encourages unscrupulous… – Continue reading

APAs key to resolve transfer pricing disputes

Transfer pricing has emerged as a key focus area both globally and locally. From an international scene, the OECD/G20 venture — a club of advanced countries in Europe and North America, has been working on action plans to help tax administrations deal with Base Erosion and Profit Shifting (BEPS) project…. – Continue reading

Govt establishes debt management office

NATIONAL debt will soon come under effective and professional control, thanks to the national debt management office whose establishment is reportedly in the final stages, the national assembly heard on Friday. Deputy Finance Minister Mwigulu Nchemba under the envisaged office, the national debt will be effectively, efficiently and closely monitored… – Continue reading

Kenya: KRA Wants Foreign Investors’ Tax Incentives Removed

Nairobi — The Kenya Revenue Authority (KRA) wants tax incentives offered to foreign investors withdrawn. The proposal to eliminate tax incentives and concessions offered to foreign investors is aimed at boosting revenue collection to accelerate national development. Speaking at the ongoing Biennial Ambassadors/High Commissioners conference in Kwale, KRA Commissioner General… – Continue reading

We are still at your side in the Indian Ocean’, says outgoing French Ambassador to Seychelles

(Seychelles News Agency) – France’s ambassador to Seychelles, Genevieve Iancu, left the Seychelles archipelago, situated in the Indian Ocean on Friday after a little over two years spent in the post. Seychelles and France have good bilateral relations and strong historical ties due to the presence of the first French… – Continue reading

Tanzania: 99 Tanzanians Reported to Stash Over Sh200 Billion in Swiss Bank

NINETY nine Tanzanians own 114 million US dollars (over 200bn/-) stashed away in 286 bank accounts in just one bank in Switzerland, a cache of leaked documents from the Swiss arm of the HSBC bank shows. The findings follow a massive cache of leaked data that revealed how the Swiss… – Continue reading

East Africa: EAC Tax Variance Still a Major Hurdle – Kam

REGIONAL businesses continue to suffer from double taxation three years after a plan to harmonise taxes was approved, causing a delay in realisation of East Africa Community integration benefits. Kenya Association of Manufacturers CEO Betty Maina said the tax issue needs to be urgently addressed by ensuring all member countries… – Continue reading

TRA starts to apply refined rules in cross-border transactions

The Tanzania Revenue Authority (TRA) has set up new tax determination guidelines aimed at providing consistency in tax administration on both domestic and cross-border transactions.The new system –“Transfer Pricing Regulation” will also provide taxpayers with insights on the procedures followed in determination of income tax, duty and levies in various… – Continue reading

Africa’s Poorest Nations Lose Billions to Complex Tax Evasion Schemes

African countries are losing up to 12.7% of their national GDP due to shady practices in international trade. Global Financial Integrity, a Washington DC-based think-tank, reports that $542bn (£321bn) worth of capital was lost from Africa in illicit capital flows and estimates that almost 80% of this coming through “trade… – Continue reading

Tax Evasion Threatens Africa’s Socio- Economic Transformation: UN Expert

The quest of African countries to carry out economic stability and transformation is threatened by illicit financial outflows through tax evasion and avoidance, a UN expert observed here on Thursday. He said the draining of tax revenues and scarce foreign exchange resources stifled growth and socio-economic development and weakened governance…. – Continue reading