TRA EDUCATES SWEDISH INVESTORS - Issa Michuzi | PressTZ - Your Number 1 Source of Aggregated Online Content



Veronica Kazimoto,Dar es Salaam 

The Tanzania Revenue Authority (TRA) has provided tax education and explanations on tax matters in relation to investments environment in various sectors in the country.

Speaking to the Swedish Business delegation during a seminar held in Dar es Salaam, TRA’s Director for Taxpayer Services and Education Mr. Richard Kayombo said that, Tanzania tax laws grant various tax incentives in order to make it possible for investors to be encouraged to invest in specific sectors but also give them relief to bring in capital goods and Technology for the benefit of industrialization agenda that is key for the 5th phase government.

The reliefs are embedded in the various tax laws that include the East African Customs Management Act, VAT Act 2014 and the Income Tax.

“Among the incentives granted include Common External Tariffs which applies to all imported goods into the region with three rates of 0%, 10% and 25% depending on the type ... Continue reading ->

Source: Issa MichuziRead More