By Dr. Straton Makundi Introduction The banking sector in Tanzania plays a major role in economic growth and financial stability. This is through provision of

Taxation of termination benefits which include payment of redundancy Payment or loss or termination of employment is guided by section 7(4) of the Income Tax

1.1 Alternative Minimum Tax Exemption to tea processing companies Change: Section 4(8) of the Income Tax Act, cap. 332 has been amended in order to

1.1 Withholding Tax Exemption on Interest Payments Change: Section of 82 of the Income Tax Act has been amended to grant exemption of the withholding

1.1 Withholding Tax to apply on rental payments for the use of construction equipment or machinery Change: Section of 82 of the Income Tax Act

1.1 Mineral right holders and the mineral dealers to set aside gold for processing Change: Section 59 of the Mining Act, CAP 123, has been