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Basically Taxation in Tanzania is in form two types of taxes. Each type is classified according to the legal and effective incidence to the final payer. These two types are direct and indirect taxes. Direct taxes. These are taxes levied directly on people's income from employment, business or ownership of property and an investment.
Website. www .tra .go .tz. The Tanzania Revenue Authority ( TRA) is a semi-autonomous Government Agency of the United Republic of Tanzania. It was established by the Tanzania Revenue Authority Act, CAP. 339 in 1995 and started its operations on the 1st of July 1996. It is headed by the Commissioner General. The Current Commissioner General is ...
Following the rebasing of the economy in 2014, the GDP increased by a third to $41.33 billion. [27] In 2020, the real GDP of Tanzania grew by 4.8% reaching US$64.4 billion versus US$60.8 billion in 2019. This growth made it the 2nd largest economy in East Africa after Kenya, and the 7th largest in Sub-Saharan Africa.
Map of the world showing national-level sales tax / VAT rates as of October 2019. Additional local taxes may apply. [citation needed]A comparison of tax rates by countries is difficult and somewhat subjective, as tax laws in most countries are extremely complex and the tax burden falls differently on different groups in each country and sub-national unit.
International taxation is the study or determination of tax on a person or business subject to the tax laws of different countries, or the international aspects of an individual country's tax laws as the case may be. Governments usually limit the scope of their income taxation in some manner territorially or provide for offsets to taxation ...
The Constitution of the United Republic of Tanzania, also known as the Permanent Constitution, was ratified in 16 March 1977.Before the current establishment, Tanzania has had three constitutions: the Independence Constitution (1961), the Republican Constitution (1962), and the Interim Constitution of the United Republic of Tanganyika and Zanzibar (1964).
Politics of Tanzania. The politics of Tanzania takes place in a framework of a unitary presidential democratic republic, whereby the President of Tanzania is both head of state and head of government, and of a multi-party system. Executive power is exercised by the government. Legislative power is vested in both the government and parliament.
Goods and Services Tax (GST) is a value-added tax or consumption tax for goods and services consumed in New Zealand. GST in New Zealand is designed to be a broad-based system with few exemptions, such as for rents collected on residential rental properties, donations, precious metals and financial services. [72]