Following the amendment of section 238 of the Companies Act No.15 of 2013, made through section 29 of the Finance Act No. 3 of 2021
The understanding by Accountants of their roles in managing transfer pricing tax audits conducted by the tax authority is very important given the Government focus
Tanzania is a country established in 1964 through the union of Tanganyika and Zanzibar. Geographically, Tanzania is bordered by eight countries i.e Uganda and Kenya
The Tanzania Companies Act, 2002 requires every company to undertake accounting of the company affairs i.e., prepare financial statements in the form of balance sheet, profit and loss account
The Companies Act, 2002 allows registration of three types of companies in Tanzania. These are private companies, public companies and foreign companies (registration of branches
The Tanzania tax system is made up of the following major taxes: Corporate and Personal Income Taxes, Payroll taxes and Social Security Contributions (SDL, Pensions