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Katiba ya Jamhuri ya Muungano wa Tanzania _________________________________________________________________ 1 JAMHURI YA MUUNGANO WA TANZANIA _____________ KATIBA YA JAMHURI YA MUUNGANO WA TANZANIA YA MWAKA 1977 (Toleo hili la Katiba ya Jamhuri ya Muungano wa Tanzania, ya Mwaka 1977, limezingatia na kuweka pamoja mabadiliko yote yaliyofanywa katika Katiba ya Muungano tangu ilipotungwa mwaka 1977 hadi tarehe 30 Aprili, 2000. Dar es Salaam, A.J. CHENGE 1 Novemba, 2000 Mwanasheria Mkuu 2000 KIMEPIGWA CHAPA NA MPIGACHAPA WA SERIKALI DAR ES SALAAM - TANZANIA Katiba ya Jamhuri ya Muungano wa Tanzania _________________________________________________________________

Switzerland Double-Tax Treaties Switzerland has Double Taxation Treaties with about 70 other countries. The general effect of the treaties for non-residents from treaty countries is that they can obtain a partial or total refund of tax withheld by the Swiss paying agent. Although the full amount of withholding tax is deducted at source the difference can be re-claimed by the non resident from the Swiss tax authorities. Where there is no double taxation treaty in place withholding taxes deducted in the foreign jurisdiction on remittances paid to a Swiss entity give rise to a tax credit in Switzerland. No withholding tax is levied on royalties paid to foreign beneficiaries. Profits repatriated abroad by the Swiss branch of a foreign company do not attract withholding taxes irrespective of any double taxation treaty. Treaty abuse: A repayment of withholding taxes under the terms of a treaty will be denied where there has been "abuse". Abuse occurs when a foreign-controlled legal

Welcome MessageI take this opportunity to encourage Investors wherever they are to take advantage of the conducive investment environment in the country to bring their Capital, Technology, and Management Skills to Tanzania.Assuredly, Tanzania is poised to be one of the major destinations for investments in the next millenium in Africa.On behalf of the People of Tanzania, I extend a warm Welcome! Our Nation has much to offer, beginning with an abundance of Natural Resources for Visitors and Investors alike..."Jayaka Mrisho KikwetePresident Of United Republic Of Tanzania Taxation Income tax in Tanzania is administered under the Income Tax Act 1973 ("the Tax Act") by the Commissioner of Income Tax in Dar es Salaam, plus another nineteen regional offices including Zanzibar. The Tax Act applies to income derived by individuals, corporations and partnerships. The two key elements that give rise to a liability to Tanzanian tax are residence and source. Thus, the assessable inco

Commerce: Business Guide Business Registration Trade Agencies Tanzania Bureau of Standards Weights and Measures Industrial Court Business Guide This Guide is intended to present brief background information on Tanzania with emphasis on its economy, investment regime, incentives and to serve as a primary guide for prospective investors. 1. Business guide to Tanzania General approval permits & licenses. To set up business in Tanzania, General Approvals, permits and licenses are required. However, for investors who pass through Tanzania Investment Centre (TIC) facilitation of these requirements will be processed by the Centre. Company registrationPrincipal forms of business organization are sole proprietor. partnership. joint venture. incorporated company and registered branch of overseas companies. All companies must be registered in Dar es Salaam. a) Registrar of companies Contact;Co-operative Buildings10th Floor,Lumumba StreetP.O. Box 9393,Dar es Salaam. Telephone.: 255-55-18038

INTERNATIONAL DOUBLE TAXATION AGREEMENTS AND INCOME TAXATION AT SOURCE: By CHARLES R. IRISH * IN a developing country, nobody would propose unrestricted grants in aid from his country to a developed one. And yet, the practical effect of the present network of double taxation agreements between developed and developing countries is to shift substantial amounts of income tax revenues to which developing countries have a strong legitimate and equitable claim from their treasuries to those of developed countries. Concomitantly. these double taxation agreements result in a very considerable and unnecessary loss of badly needed foreign exchange reserves for developing countries. In other words, the present system of tax agreements creates the anomaly of aid in reverse— from poor to rich countries. The reason for this anomaly is that the tax agreements currently in force generally give the country of a taxpayer's residence either the exclusive or more substantial right to tax income as ag

COMPETITIVE INVESTMENT CLIMATE In the African countries improvement index report, published by the Center for International Development at Harvard University, Tanzania clinched the top spot in a report titled “The Africa Competitiveness Report 2000/2001”, benchmarking macro economic and investment climate success factors; Tanzania ranked first followed by Morocco, Mozambique, Nigeria and Uganda. In the African Foreign Investors Survey 2003 Report by UNIDO, Tanzania ranked the first in IPA performance for the last 3 years and also the first in sales growth in 2002 by foreign investors perceptions. The comprehensive economic and political reform measures, undertaken since mid 1986, have progressively brought about an efficient economic management, financial discipline, and a framework for a dynamic, high growth economy. Tanzania has now won the confidence of foreign investors and the donor community. Large Potential Market Tanzania offers a wealth of market opportunities for foreign comp

Developing countries invest time and other scarce resources to negotiate and conclude double taxation treaties (DTTs) with developed countries. They also accept a loss of tax revenue as such treaties typically favour residence-based over source-based taxation and developing countries are typically net capital importers. The incurred costs can only pay off if developing countries can expect to receive more foreign direct investment (FDI) in return. This is the first study to provide evidence that developing countries that have signed a DTT with the US or a higher number of DTTs with important capital exporters actually do receive more FDI from the US and in total. However, DTTs are only effective in the group of middle-, not low-income developing countries. Keywords: Foreign direct investment, double taxation, bilateral treaties, corporate income 1

Finance & Tax Eye Monday, 01 Dec 2003 By Francis Kamulegeya of PricewaterhouseCoopers, KenyaFear of marginalisation, together with the fact that most African countries are too small on their own to negotiate with powerful trading blocs, has led to an increased momentum towards regional integration in Africa. At the recent Nairobi Summit of the New Partnership for Africa’s Development (NEPAD) in Nairobi, the Heads of State of ten East African countries committed themselves to working towards increased regional cooperation, integration of economies, as well as the pooling of resources to increase productivity and international competitiveness. Integration of the East African economies will create new challenges in the field of taxation. Member states will have to operate collectively to avoid the tax policies that are currently causing a distortion in the trade and investment decisions of local indigenous as well as multinational companies operating within the region. Regional tax re

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Globalist Perspective > Global EconomyOffshore Tax Evasion By Jeffrey P. Owens Wednesday, June 20, 2007 Increasingly, tax evasion is facilitated by governments that lack transparency and are not prepared to counter tax abuse. With the increasing prevalence of offshore accounts in havens like the Bahamas and the Cayman Islands, the OECD's Jeffrey Owens warns of the threat that these practices pose to sovereign governments. ffshore tax evasion is not about small islands that do not impose income taxes: It is about all countries that lack transparency and that are not prepared to cooperate to counter tax abuse. These practices make it difficult for other countries to enforce their own tax laws. With globally integrated financial markets and modern communication techniques, the creation of offshore financial accounts, shell companies and the like are just a click of a mouse away. Banking without borders In this context, countries can no longer rely exclusively on their own sources

The Tanzanet Journal, 1(1): 19-28 Tax Incentives for Foreign Direct Investments (FDI): Types and Who Should/Should Not Qualify in Tanzania Honest P. NGOWI* Lecturer, Institute of Development Management (IDM) Mzumbe, Tanzania. Currently he is at the Norwegian School of Economics and Business Administration, (Bergen) NHH. He is grateful to two anonymous referees for their comments. Abstract: The paper addresses the question of tax incentives for Foreign Direct Investment (FDI). It reviews the various types of tax incentives that are available and that can potentially be granted to foreign investors by host economies. It further makes a recommendation on who should qualify for the various types of tax incentives offered in Tanzania and who should not. While such incentives may contribute towards increased inflow of FDI into the country, they may also lead to revenue loss for the Treasury. Some specific types of investments are recommended as appropriate qualifiers for the incentives a

: About Globalex Hauser Home / Global Research Tools / Globalex / Guide to Tanzanian Legal System and Legal Research By Bahame Tom Nyanduga and Christabel Manning Bahame Tom Nyanduga * is Advocate of the High Court of Tanzania, and had been the President of the East Africa Law Society between October 2004 - October 2006. The main research for this compilation has been conducted by Ms. Christabel Manning , LL.B, a graduate of the University of Dar Es Salaam currently working in the Legal Department at KPMG (T) Limited and a member of the Tanzania Women Lawyers Association-TAWLA. Published November 2006 Table of Contents Introduction Sources of Law Constitution Statutes Case Law Received Laws Customary and Islamic Laws International Law (Treaties and Conventions) Government Structure The Executive The Legislature The Judiciary Judicial