On June 30, 2025, the Tax Revenue Appeals Board (TRAB) delivered a landmark judgment that significantly impacts the tax treatment of foreign exchange losses in Tanzania. The case,Income Tax Appeal No. 41 of 2024, involved CMCAutomobiles Limited (the Appellant) and the Tanzania Revenue Authority (TRA). The core issue was the taxability of unrealized foreign exchange…
The Tanzania Revenue Authority (TRA) has issued a public notice regarding the effective application of a reduced VAT standard rate of 16%. This change is introduced by the Finance Act 2025, which came into force on July 1, 2025, and amends Section 5 of the VAT Act, Cap. 148, by adding a new subsection (6)….
The Finance Act 2025 is here, bringing significant legal and regulatory changes that will impact individuals and businesses across various sectors. Released on June 30, 2025, and effective July 1, 2025, this Act is crucial for understanding the evolving economic and legal landscape in Tanzania. Stay informed about the key amendments, including reforms in banking…
Summary note Overview Foreigners working in Zanzibar are employed and given a specific foreign contract. Section 36 (1) of the Employment Act provides for employment of a foreigner. However, for a foreigner to be hired, it should be taken into consideration that there is no local Zanzibari/ Tanzanian with the expertise to do the job…