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Building resilience and driving growth amidst global uncertainty
What will the 2023 Budget Speech mean for you and your business? Our experts will share their insights before and after the budget announcement. If you have any questions, please do contact us.
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The mining sector continues to make a significant economic impact, not least foreign exchange generation and tax contribution, and is anticipating significant growth on the back of planned new projects. David Tarimo (Country Senior Partner) and Godvictor Lyimo (Senior Manager, Tax and Disputes Resolution - AngloGold
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The tax reforms submitted by the manufacturing sector include a request for minimal, if any, increase in excise duty, as well as reduced costs in relation to electronic tax stamps. Zainab Msimbe (Assurance Partner) and Ilse Boshoff (Regional Director, Knauf East Africa) discuss key priorities for the sector.
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Concerns raised by the Tanzania Bankers Association as part of their proposed tax reforms include the income tax treatment of bad debt and interest in suspense. Cletus Kiyuga (Assurance Partner) and Ivan Tarimo (Partner, Bankable) consider these proposals and the potential impact if they are taken on board.
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The telecoms sector has raised concerns regarding high taxes affecting the affordability of services. Redempta Maira (Senior Manager - Tax Services) and Joseph Lyimo (Tax Partner, PwC Tanzania) discuss some of the taxation concerns.
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There are multiple taxes on the tourism sector, including VAT. Rishit Shah (Tax Leader, PwC Tanzania) and Abbas Takim (Director, Takims Holidays) discuss how the upcoming budget can address the tax challenges and support the industry.