Paul Kibuuka
The Citizen Tanzania
Tanzania, United Republic of
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Past articles by Paul:
Tanzania in International Tax Law: Best practices to minimize
“A man who does not plan long ahead will find trouble at his door”— Confucius. One of the most critical issue in international corporate taxation is transfer pricing. Simply put, transfer pricing is the setting of prices for transactions between associated enterprises involving the transfer of assets or services. → Read More
Tanzania in International Tax Law: Moving towards full tax
On 11 June, 2020, Tanzania’s Finance Minister Dr Philip Mpango presented the National Budget for FY 2020/21, stating that specific legislative amendments would be introduced in the Income Tax Act, 2004 with an eye toward fulfilling the requirements for the country’s membership in the Global Forum on Transparency and Exchange of Information for Tax Purposes (“the Global Forum”). → Read More
Tanzania in International Tax Law: Pitfalls and issues in
In this third and final part of the article on corporate tax residence, I highlight two important lessons from the case of African Barrick Gold Plc v. Commissioner General, Tax Appeal No. 16 of 2015 → Read More
OPINION & ANALYSIS: Key messages from Tanzania’s FY-2020/21 budget
Just two months ago, the IMF in its World Economic Outlook predicated a 3 percent contraction in global growth in 2020 due to the coronavirus (Covid-19) pandemic. Contrariwise, in January the IMF had projected a 3.3 percent expansion for this year - and also sounded a warning over complacency. → Read More
Tanzania in International Tax Law: Pitfalls and issues in
This is the second part of the article on corporate tax residence. → Read More
Tanzania’s budget 2020: A return to indexing capital gains for
Tanzania’s finance minister, Dr. Philip Mpango, is set to present the annual budget in Parliament this week on Thursday, 11 June for fiscal year 2020/21 that starts on July 1. All eyes and ears will be on Dr. Mpango as he presents the new budget ahead of the October 2020 general elections and amid strong turbulence as COVID-19 ravages the global economy. → Read More
Tanzania in International Tax Law: Pitfalls and issues in
In a refresh of the general legal position on corporate taxation in Tanzania, a resident corporation is taxed on its worldwide income, irrespective of where the income was earned. By contrast, a → Read More
Tanzania in International Tax Law: Intercompany lending and
As at 13 May this year, the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting ("the MLI”) issued by the Organisation for Economic Co-operation and Development (OECD) covers 94 jurisdictions, including neighbouring Kenya. Notably, Tanzania is not yet a signatory to the MLI. → Read More
Business interruption insurance in Tanzania: A cushion against
Despite the non-imposition of a coronavirus disease (COVID-19) lockdown in Tanzania, many businesses across the country are implementing preventive and containment measures against the spread of the virus, including work-from-home policy, and, thus, they are on limited operations and reduced capacity. → Read More
Tanzania in International Tax Law: Does the doctrine of
Following last week’s article about private rulings issued by the Commissioner General of the Tanzania Revenue Authority (TRA) which bind the Commissioner General as against the specific taxpayer to → Read More
Tanzania in International Tax Law: Hot-button issues of private
Tax uncertainty created by recurrent tax reforms and myriad interpretations of the tax law may depress investment. In most countries, taxpayers can achieve certainty regarding the tax consequences of a planned business transaction through the advance tax rulings system. And Tanzania is no exception. → Read More
How could the Bank of Tanzania respond to COVID-19?
Although interventions to curb the spread of the coronavirus disease 2019 (COVID-19) such as physical distancing, self-quarantine, and closure of universities and other educational institutions are crucially important, they are disrupting the wider economy. → Read More
Tanzania in International Tax Law: Engendering global tax
If the world economy is to prosper, governments around the globe need to deepen their cooperation in managing global issues, including international taxation. Cross-border tax avoidance and illicit financial flows and the divergence in tackling these and other challenges has cast global tax cooperation into the limelight in the most notoriously controversial manner imaginable. → Read More
Tanzania in International Tax Law: Possible Budget 2020/21 tax
Well yes, I decided I would take the second crack at making predictions for possible tax policy responses in Tanzania’s upcoming Budget 2020/21 while considering the present coronavirus disease 2019 (COVID-19) pandemic and the fact that there are often a few surprise pronouncements in national budgets. → Read More
Tanzania in International Tax Law: Wrestling the ‘substance
“When someone calls a dog a cow and then seeks a subsidy provided by statute for cows, the obvious response is that this is not what the statute means. It may also happen that rich people who would not otherwise have cows buy them to gain cow subsidies.”— Isenbergh, J., Musings on Form and Substance in Taxation: Federal Taxation of Incomes, Estates, and Gifts, 49 U. Chi. L. Rev. 859, 865 (1982). → Read More
The virus and insolvency, restructuring
Due to the coronavirus (COVID-19)’s staggering impact on the global economy, the vast majority of businesses will become debt-laden that is, financially distressed. Given this, it is very important to remain open to devising and implementing good-faith and creative solutions, including considering the possibility of grace periods for payments amid the pandemic. → Read More
Tanzania in International Tax Law: Grossing up ‘net of tax’ pay
Some investors in Tanzania’s key economic sectors - including oil and gas and mining - have for many years entered into net of tax contracts with their expatriate employees. In the simplest way possible, ‘net of tax’ refers to the amount left after taxes have been deducted. → Read More
Tanzania in International Tax Law: Grossing up expatriates’ net
Some investors in Tanzania’s key economic sectors, including oil and gas and mining have for many years entered into net of tax contracts with their expatriate employees. In the simplest way → Read More
Employment law issues in Tanzania amid Covid-19
This, too, shall pass’ is a Persian saying. Tanzania confirmed its first case of the deadly coronavirus disease (Covid-19) on March 16, 2020. The number of positive cases has risen to 20, but the first case recuperated from the pandemic, the minister for Health, Ms Ummy Mwalimu, said on March 26. → Read More
Tanzania in International Tax Law
As Tanzania’s government rolls out measures to halt spread of the coronavirus disease (Covid-19) pandemic, multinational companies (MNCs) and international organisations (IOs) with operations in the country are also reviewing their processes for employee mobility, also known as global mobility. → Read More