Taxes & Fees in Tanzania: Changes for Fiscal Year

Transcription

1 SiSi consultants Taxes & Fees in Tanzania: Changes for Fiscal Year July 2013 Inside this Issue: Zanzibar Highlights Page 1 14 Mainland Tanzania Highlights Page Issue Number 2, 2013

2 Port Service (Port Service Charge Act No. 2 of 1999) Increase of Airport Service Charges from USD 35 to 40 for passengers whose destination is outside Tanzania. Item 2 of Schedule I of The Port Service Charge Act No. 2 of 1999 has been amended to increase service charges on use of Airports from USD 35 to USD 40 per Passengers embarking plane en route outside United Republic of Tanzania. Increase of Seaport Service Charges from USD 5 to 10 for Non Resident Passengers. Item 1 of Schedule II of The Port Service Charge Act No. 2 of 1999 has been amended to increase service charges on the use of Seaport from USD 5 to USD 10 per Non Resident travelers. Hotel Levy (Hotel Levy Act No. 1 of 1995) Clarification of a tax base (Chargeable services) to charge Hotel levy. The new section 3 has replaced the old section to clarify what to be included in calculating 18% of total value of chargeable services. Chargeable services will include, Hotel, guest house, restaurant, tour operating services or any other establishment providing to a guest accomodation, whether with or without beverages, food or other tourist services. The Minister shall make Regulations. The new section 14 has been introduced to require the Minister to make regulation for better administration of the Act. Separate special tax treatment for small Guest Houses. After consultations with the Commissioner of ZRB, the Minister increased hotel levy rates for small Guest Houses from USD 7 to USD 8 Per Guest per night. However, more changes are expected in the due course. Page 1 of 22

3 Petroleum Levy (Petroleum Levy Act No. 7 of 2001) Evidence of landing Certificate for imported petroleum Products. The new section 3 has introduced to make it mandatory for all importation of petroleum products to be supported with Landing Certificate for each consignment. Road Licence Fees to be paid as fuel levy. Item (b) of the 2nd schedule has been amended to introduce Road License Fees as payments that constitutes fuel levy. This means that road license fees will be no longer paid under Road Transport Act No. 7 of 2003, Thus road license fees was replaced with a fuel levy of TZS 35 per litre of diesel and petrol in a measure which was aimed to curb fake road licenses. Page 2 of 22

4 Stamp Duty (Stamp Duty Act No. 6 of 1996) Silent repealing of Second Schedule. Replacing of subsection 1 to 4 of section 3 brought to an end imposition of stamp duty in respect of instruments under second schedule. This means that stamp duty will only apply on; (i) The supply of goods or Services in Zanzibar by taxable person in the course of or furtherance to the business carried out by that taxable person; (ii) The supply of goods or Services exempted under the Second Schedule of the VAT Act of 1998; (iii) All instruments specified under the First Schedule to the Act. The Minister is empowered to categorise particular types of goods or services and impose specific rates for stamp duty payable on them. Although the words particular and specific have not been defined, the new Section 3(3) has been introduced to empower the Minister (after considering the public interest and by order published in the Gazette) to categorise particular type of goods or services for which a specific rate other than normal stamp duty rates apply. Specific stamp duty rates for essential food stuff from 3% to 2%. Although in the page 42 the budget speech for fiscal year 2013/14 the Minister categorised wheat and rice as particular type of goods that specific stamp duty rate of 2% will apply, so far no order has been issued and published in the Gazette (i.e. No legal back up). Page 3 of 22

5 Ammendment of the First Schedule. Before 1st July 2013 On 9th December 2012, the Minister as empowered under 3(5) issued an order to ammend rate of duty of the first item in Corporate Affairs and the third item in the Property Transactions to the tune of 1% total duty not exceeding TZS 100,000 as per table below; S/No. Instrument type Item Details Corporate 1 Affairs First Item Old Rate Certificate of shares and debentures, share warrant, Transfer of shares and Debentures; transfer of shares and debenture and statement of capital or increase in capital vide section 8 of the Act and Statement of Capital or increase in capital 2% of (Vide section 8 of the Act) Value New Rates 1% total duty not exceeding TZS 100,000 Deed of Conveyance of Property to way of sale, Property Third Mortgage, Hypothecation, pawn, pledge, gift, 2 Transactions Item lease or settlement 2% of Value 1% total duty not exceeding TZS 100,000 This ammendment came into effect on 9th December After 1st July 2013 Although in the page 42 of the budget speech for fiscal year 2013/14 the Minister expressed the desire of the government to extend chargeable duty on Loans to instruments of similar effects such as debentures, at a fixed amount of TZS 100,000, so far no such order has been issued and published in the Gazette to legalise the same. Furnishing of No-Objection Certificate from Commissioner on transfer of any property or instruments in Zanzibar. Section 4 of the Act has been ammended to introduce the legal requirement of production of Certificate of no Objection from Commissioer of ZRB on transfer of any property or instruments of ownership in Zanzibar. Page 4 of 22

6 VAT (Value Added Tax Act No. 4 of 1998) Replacement of the months on deducting or crediting input tax with Accounting Period. Section 16(6) has been ammended to replace the months and substituting it with accounting period. By definition of accounting period under TAPA 2009, this means that all deductions and credit claims have to be filed before elapse of three calendar months from the date of related tax invoice. Unprocessed Seaweeds are exempt supplies under Second Schedule. After consultation with ZRB, the Minister ordered unprocessed seaweed to be exempt supplies under new item (r) of the Second Schedule. Limitation of Special Relief to certain organisations listed under the Third Schedule of the Act. Basically all persons and organisations listed under paragraph 2(a) to (o) of the Third Schedule of the Act were initially entitled to 100% special relief. However, after consultation with ZRB, the Minister issued an order as allowed under section 12, to limit the following organisations from enjoying such relief on their importation and supply of good or services as follows; Reduction of 100% to 80% to include; (i) Non-profit making community based, religious organizations, charitable, educational or other organizations or institutions to be used solely for the advancement of community, educational or similar project related to that organization or institution and not for sale or commercial use. (ii) Institutions with special agreement with Revolutionary Government of Zanzibar (iii) Approved projects under ZIPA. Reduction of 100% to 45% to include Bank of Tanzania. Page 5 of 22

7 TAPA (Tax Administration and Procedures Act No. 7 of 2009) Notification of change of business particulars to include closure of business. Section 15(1) of the Act has been ammended to make it mandatory for businesses which are expected to be closed temporarily or permanently to notify the commissioner in writing within 30 days. Introduction of Deemed payment concept. The new section 31A has been introduced to bring in the concept of deemed payment to taxation in Zanzibar. Under this ammendment payments for supply of goods or service will be deemed to have been made when; (i) A tax invoice, receipt or cash sale is issued; (ii) Payment is received for all or part of the goods or services ; or (iii) Service is rendered or performed by the taxable person, whichever act shall become the earliest. Payment of tax before the due dates by manufacturers & importers of goods prescribed by the Minister. The new subsections (3),(4),& (5) have been introduced to allow the Commissioner to demand payment of tax at any time before the due dates from manufacturers and importers of goods prescribed by the Minister. Introduction of Issuance of Practice Notes by the Commissioner of ZRB. The new section 46(A) has been introduced to allow Commissioner for ZRB to issue Practice Notes in writing setting out the Commissioner s interpretations of provsions of any tax laws under administration of ZRB. Once issued these Practice Notes will bind the Commissioner until they are revoked. The new section 46(B) has been introduced to lay down procedures of issuing Practice Notes (through a circular published in official Gazette) as well as the details of such Practice Notes. The new section 46(C) has been introduced to allow the Commissioner of ZRB to revoke Practice Notes in whole or part (by issuing a notice of revocation through a circular). However, the Commissioner is obliged to revoke a Practice Notes that are inconsistent with the court decision or passage of the legislation or issue of a new Practice Notes on the same regards. Page 6 of 22

8 Arresting of Tax Offenders (Tax Evadors and Tax Official Pretenders). For proper and safe perfomance of their duty, the whole section 52 has been ammendment to increase the scope of authority (in addition to the Police force) that Commissioner or authorised officer is allowed to request assistance from to include, Institutions, Ministry, Departments, or any Authority. The requested assistance from Police force or any other person with authority may include arresting of any taxable person who contravenes section 27 (Individuals who pose as tax officials) and section 53 (tax evadors). VAT registration eligibility criteria for Operators of hotels. The new regulation 4(2) of the Tax Administration Act (Value Added Tax Regulations 2012) has been introduced to set out the charging-rate-condition for hotel operator to be to qualify for VAT registration system. Only those hotel operators charging not less than USD 100 or its equivalent in Tanzania Shillings per person per night shall be legally allowed to be registered. Page 7 of 22

9 Zanzibar Tax Appeals Act (Zanzibar Tax Appeals Act No. 1 of 2006) Reduction of Tax deposit when objecting the assessment. Section 16(2) has been amended to reduce tax deposit required to be paid when a person is objecting to the assessment from 50% to 1/3 of the tax assessed amount. Extension of time limit to lodge the notice of objection. Section 16(4) has been amended to lengthen time limit required for the notice of objection to be submitted and received by the Commissioner to 21 days from 14 days. Page 8 of 22

10 Road Transport (Road Transport Act No. 7 of 2003) Obligation to register motor vehicles or trailers drived to owner s premise after importation. Section 27(2) (f) has been deleted to make it mandatory to register motor vehicles or trailers that has just been imported and are driven from ports to owner s premises. Obligation to register motor vehicles or trailers before completion of custom clearance process. Section 29(1) has been ammended to introduce obligation to register imported motor vehicles or trailers during customs clearance. Page 9 of 22

11 Ammendment of the Schedule to the Road Transport(Fees, Charges and other amounts) regulation As empowered under Section 3(1)(a) of the Act, the Minister of Infrastructure and Communications issued a legal notice dated 29th July 2013 to; (i) Replace Part 1 of the First Schedule in respect of Motor Vehicle Registration Fees with a new Part 1 as follows; S/no. Descriptions Ordinary registration-tzs Personalized registration numbers- TZS Under special numbers -TZS 1 Registration of Mopeds and motor cycles 30,000 N/A 45,000 Registration of classes of motor vehicles, heavy 2 motor vehicles and trailers 70,000 3,000, ,000 Issuance of a duplicate or registration to; (a) For moped and motor cycles 20,000 N/A 20,000 3 (b) For other motor vehicles & trailers 40,000 N/A 40,000 Transfer of vehicles ownership upon sale; (a) For moped 10,000 N/A N/A (b) For motor cycles 25,000 N/A N/A (c) For light & medium size Motor Vehicles & trailers 50,000 N/A N/A (d) For heavy Motor vehicles & trailers 65,000 N/A N/A Registration change on alteration of Vehicle's Particulars, per each alteration 5,000 N/A 15,000 Issuing a new & registration certificate on alteration of Vehicle's registered particulars 15,000 N/A 25,000 Issuing deregistration certificate on vehicle's total loss or sent out of Zanzibar permanently 10,000 N/A 10,000 Issuance of new number plates; (a) For moped and motor cycles, for each plate 2, ,000 2,500 (b) For other motor vehicles & trailers, for two plates 5,000 N/A 5,000 Key note - Motor Vehicles Registration fee under normal registration has increased from TZS 50,000 to TZS 70, There are separate prescribed fees for Motor Vehicles with special numbers. Page 10 of 22

12 (ii) Ammend Part 2 of the First Schedule in respect to Road Licence Fees by deleting the prescribed fees in item 1-15, motor vehicle, motor cycle and carbon emission to replace with a sticker fee of TZS 3,000 ; (ii) Ammend Part 2 of the first Schedule in respect of Driving Licences Fees by deleting the prescribed fees in item 1,3,4 and 5 and to replace the following; Item Descriptions New learner s License First & its subsequent renewals New/Renewal of 1 year driving license New/Renewal of 2 year driving license New/Renewal of 3 year driving license Duplicate intermediate driving license Duplicate Driving License Addition or deletion of a class or classes of motor vehicle on an existing license Old Rate- New Rate- TZS TZS 5,500 8,500 5,500 9,000 15,000 20,000 25,000 30,000 35,000 40,000 5,000 8,500 15,000 20,000 5,000 each item plus 5,000 printing charges 15,000 Page 11 of 22

13 ZIPA (Zanzibar Investment Promotion and Protection Act No. 11 of 2004) Exemption of Land lease payment during construction period of Strategic investment. Although strategic investment was not defined, Section 19(2) has been ammended to provide for land lease exemption during the construction period for strategic investment to the limit of 18 months from the date of the lease agreement. The need to consult Commissioner for ZRB on tax incentives. The new section 20(3) put in place may the need for the Minister to consult the Commissioner of the Zanzibar Revenue Board incase he/she wants to amend, vary, add to or replace the First Schedule to the Act. Page 12 of 22

14 Income Tax (Income Tax Act No.11 of 2004) Intention to establish presumptive Tax Scheme on small businesses with annual turnover of less than TZS 10 Million. The Government of Zanzibar intends to abolish Stamp Duty on small businesses with annual turnover of less than 10 M and extend the presumptive tax system as is done to owners of commercial vehicles such as taxi, dala dala, private hire and crgo trucks in order to reduce the monthly compliance burden and nurture them. Although the management, minimum turnover and tax rates are not precisely specified, the current best practice is that Presumptive Tax Scheme is administered under section 4(5) read with paragraph (2) of the first schedule of the Income Tax Act. The current table for the Presumptive Tax Scheme is as below; S/No. Annual Turnover Tax on incomplete records Tax on complete records 1 0-3,000,000 NIL NIL 2 3,000,000-7,500, , ,500,001-11,500, , ,500,001-16,000, , ,000,000-20,000, ,000 2% of turnover in excess of 3 Million 90, % of turnover in excess of 7.5 Million 190, % of turnover in excess of 11.5 Million 325, % of Turnover in excess of 16 Million Page 13 of 22

15 Labour (Occupational Safety and Health Act No. 8 of 2005) Regulations for registration and compliance of work place, made under section 133 of The Occupational safety and health Act No.8 of 2005 was enacted and signed on 11 th June 2012, which requires all the organizations to comply. Fees are provided below; S/No. Investments in TZS Registration certificate fees -TZS Fine for failure to register-tzs Compliance certificate fees-tzs Fine for failure to comply-tzs 1 Up to 1M 15,000 45,000 8,000 24,000 2 More than 1M-5M 20,000 60,000 10,000 30,000 3 More than 5M-10M 30,000 90,000 15,000 45,000 4 More than 10M-15M 60, ,000 30,000 90,000 5 More than 15M-20M 150, ,000 75, ,000 6 More than 20M-30M 300, , , ,000 7 More than 30M-40M 450,000 1,350, , ,000 8 More than 40M-50M 600,000 1,800, , ,000 9 More than 50M-100M 750,000 2,250, ,000 1,125, More than 100M-150M 900,000 2,700, ,000 1,350, More than 150M-200M 1,050,000 3,150, ,000 1,575, More than 200M-250M 1,200,000 3,600, ,000 1,800, More than 250M-300M 1,350,000 4,050, ,000 2,025, More than 300M-400M 1,500,000 4,500, ,000 2,250, More than 400M-500M 1,650,000 4,950, ,000 2,475, More than 500M-1B 1,800,000 5,400, ,000 2,700, More than 1B-5B 1,950,000 5,850, ,000 2,925, More than 5B 2,100,000 6,300,000 1,050,000 3,150,000 Page 14 of 22

16 Mainland Tanzania Highlights Income Tax (Income Tax Act No ) Reduction of minimum tax rate chargeable on income of a resident individual from 14% to 13% as follows: S/No. Monthly taxable amount Tax Rate Where income does not exceed Tshs. 170,000/= Where total income exceeds Tshs. 170,000/= but less than Tshs. 360,000/= Where total income exceeds Tshs. 360,000/= but less than Tshs. 540,000/= Where total income exceeds Tshs. 540,000/= but less than Tshs. 720,000/= Where total income exceeds Tshs. 720,000/= NIL 13% of the amount in excess of Tshs. 170,000/= Tshs. 24,700/= plus 20% of the amount in excess of Tshs 360,000/= Tshs. 60,700/= plus 25% of the amount in excess of Tshs 540,000/= Tshs. 105,700/=plus 30% of the amount in excess of Tshs 720,000/= Ammendment of Withholding Taxes* The following are key changes of withholding tax regime in Tanzania; (a) Withholding tax of 10% on Money transfer commission paid to money transfer agent has been introduced as per section 83(1) (d); (b) The scope of Withholding tax on service fees has been extended to include service fees payable to resident person at the rate of 5% on any services rendered as per section 83(1) (c); (c) Withholding tax on goods and services on Non TIN holders under section 83(A) has been replaced by limiting the scope of 2% Withholding tax on value of goods supplied to government and its institutions irrespective of whether the supplier have TIN or not ; (d) Scope of withholding tax on rent has been extended to include 10% withholding tax on aircraft lease as per section 82(2) (d); (e) Types of payments that qualify as final withholding payments will also include the money transfer commission as per section 86(1) (d). Page 15 of 22

17 Mainland Tanzania Highlights Amendment in Section 80A on penalties for non issuance of manual/ electronic fiscal device receipts* Penalties for failure to issue Electronic Fiscal devise receipts or manual receipts has been introduced according to the sequence of the offense whereby the penalties are 5% and 10% of the value of the manually receipted or unreceipted amount for the first and second time offender respectively. Third time offender or more will be liable to a fine of between TZS 1,000,000 to TZS 3,000,000 as per section 104(2). Amendment of First Schedule of Income Tax Act in relation to number of years for loss making company to qualify for alternative minimum taxes * Number of the years for loss making company to qualify for alternative minimum taxes has been extended from 3 years to 5 years as per paragraph (3) (3) of the first schedule of the Act. Additional Amendments that give incentives to mining and petroleum operations are as follows ; (a) (b) (c) Ammendment of section 11 to allow same person operating both operations to treat allowable deductions separately. If the same person operates a separate and distinct mining or petroleum operations, determination of allowable deduction for each shall be treated seperately as per new substituted section 11 (4). Ammendment of section 19(2) to include new paragraph (d) and (e) to allow deduction of unrelieved loss on petroleum and mining operations respectively. The above changes incorporates deductions of unrelieved losses in the petroleum and mining operations respectively. Ammendment of third schedule, class 8, to allow tax incentive in the form of accelerated depreciation on equipments used for prospecting and exploration of minerals or petroleum. Additional tax incentives in the form of accelerated depreciation in respect of equipments used for prospecting and exploration of minerals or petroleum has been introduced as per third schedule of the Act under class 8. Page 16 of 22

18 Mainland Tanzania Highlights VAT (The Value Added Tax Act, CAP 148) Special relief to domestic textiles manufacturers using locally produced cotton. A VAT relief of 100% is given for the imporation by, or supply to, a local textile manufacturer, of goods or services which are exclusively used in the manufacturing of textile by using locally grown cotton. Page 17 of 22

19 Mainland Tanzania Highlights Customs (The East African Community CET and Customs Management Act, 2004) Extended the stay of application of CET rate of 35% on wheat grain under HS code and HS code and apply the CET rate of 10% for the period of one year. Imposed a duty rate of 25% on rice and sugar instead of 75% and 100% respectively when imported to cover the gap in the local market. Amend the 5 th Schedule of the EAC CMA 2004 to exempt import duty to machinery and spare parts imported by Tanzania Railways Limited (TRL) for use in railway operations. Abolished the procedures used in the inspection of goods imported by traders referred to as compliant Trader Scheme Continue to grant duty remission to soap manufacturers using LABSA as raw materials from 10% to 0% under HS Code ; HS Code and HS Code for 1 year. This measure to encourage growth and production of soap manufacturing especially SME industries producing soaps in the country. Import duty exemption to plastic bag biogas digesters under HS Code Increased import duty rate for millstones and grindstones for milling, grinding or pulping (HS Code ) from 0% to 25%. Split of tariff line under HS Code in order to grant exemption of import duty to water treatment effluent plant. Continue to grant exemption of import duty to Armed Forces Canteen Organization for the period of one year. Exempt import duty to goods imported by the National Intelligence Services. Page 18 of 22

20 Mainland Tanzania Highlights Excise (The Excise (Management & Tariff) Act, CAP 147) Increased excise duty on non-utility vehicles aged more than 10 years from 20% to 25%. This measure is intended to discourage importation of aged vehicles, reduce accidents resulting from aged motor vehicles and protect environment. Introduced excise duty rate of 5% on utility vehicles aged, more than 10 years under HS Code 87.01, and This measure will not apply to vehicles under HS Code and HS Code which includes assembled tractors and un assembled vehicles under HS Code ; ; ; ; ; ; ; ; ; ; and ; and The introduction of excise duty on aged vehicles is aimed at discouraging importation of such vehicles, reduce accidents and protect environment. However assembled tractors and unassembled vehicles will not be affected by these measures so as to encourage investment in the motor vehicles assembly and promote employment in the industry. Increased excise duty rates on petroleum products as follows; 1. Illuminating kerosene from TZS per ltr to TZS per ltr. 2. Natural Gas for industrial use from TZS 0.35 per cubic feet to TZS 0.39 per cubic feet. Imposed excise duty at various rates ranging from 10% to 25% on various products. Products such as carpets and other textile floor coverings, make up preparations; Leather suitcases, Articles of leather or composition leather apparel and clothing, guns and ammunition Aircraft and Helicopters of an unloaded weight exceeding 2,000 kg; yatch and other vessels for pleasure or sports; rowing boats and canoes; wing cheaters, wind jackets and similar articles; anoraks (including skijackets). Introduced excise duty rate of 15% on imported furniture under HS Code This measure is intended to protect and promote local production of furniture and promote employment. Page 19 of 22

21 Mainland Tanzania Highlights Impose excise duty on all mobile services at 14.5% instead of airtime only. Impose excise duty to landlines and wireless telecommunication services. Increase duty structure on non-petroleum products by 10% as follows; S/No. Products Old rates per litre -TZS New rates per litre- TZS 1 carbonated soft drink locally produced fruit juices imported fruit juices Beer on local un-malted cereals Other beers Wine from 75% domestic grapes Wine from 25% imported grapes 1,614 1,775 8 Spirits 2,392 2,631 Increase excise duty rates on cigarettes as follows; S/No. Products Old fees per cigarettes TZS per Mil New fees per cigarettes TZS per Mil 1 2 Cigarettes-no filter tip from 75% domestic tobacco 8,210 9,031 Cigarettes-with filter tip from 75% domestic tobacco 19,410 21,351 3 Cigarettes-not mentioned above 35,117 38,628 4 Cut rag/filler 17,736 per Kg 19,510 per Kg Page 20 of 22

22 Mainland Tanzania Highlights Amendment of Section 124 by adding immediately after subsection (6) the following new subsections; (6A) There shall be charged an excise duty on money transfer through a bank, a financial institution or a telecommunication company at the rate of 0.15 % of the amount transferred for the amount exceeding TZS 30,000; (6B) The excise duty chargeable under subsection (6A) shall not apply to money transfer between banks and financial institutions, Government, diplomats and diplomatic missions; (6C) There shall be charged an excise duty on telecommunication sim card at the rate of TZS 1,000 per month. Road and Fuel (Road and Fuel Tolls Act, CAP 220) Increased fuel levy from TZS 200 to TZS 263 per litre. Skills Development Levy (Skills Development Levy Act, CAP.82) Reduced SDL from 6% to 5% and require Government Institutions which do not receive substantial Government Subventions to pay SDL. Tanzania Investment (Tanzania Investment Act, CAP.38) Reduced import duty exemption of 75% instead of the current 90% on imported duty rate on deemed capital goods. Established negative list that cannot be deemed to include office equipments, stationeries, furniture, sugar, beverages, spirits, tiles, fuel, saloon cars, air conditioners, fridges and electronic equipments. Public Procurement (Public Procurement Act, 2011 & Public Private Partnership Act 2010) Amendments in the Public Procurement Act, 2011 and Public Private Partnership Act 2010 to enable complex unsolicited Public Private Partnership proposals not to be subjected to competitive bidding process. This measure will attract both local and international investors. Page 21 of 22

23 Mainland Tanzania Highlights Public Finance & Treasury Registrar (Public Finance Act, CAP 348, the Treasury Registrar Powers and Functions Act, CAP 418 and Executive Agencies Act, CAP 245) Amend the Public Finance Act, CAP 348, the Treasury Registrar Powers and Functions Act, CAP 418 and Executive Agencies Act, CAP 245 so that public institutions including regulatory authorities, public corporations and Government agencies which do not receive subventions to remit to the Consolidated Fund 10% of their gross revenues. If an agency fails to submit the 10%, it is subjected to a penalty of 5% of the amount payable by it. Page 22 of 22

24 Contacts, for further information: Zanzibar: SiSi Consultants P.O.Box 1922 Stone Town, Zanzibar Tel:+255 (0) Victoria Kamazima (Legal & Tax Compliance) Mobile: Mohamed Wario (Audit & Tax) Mobile: Tanzania Mainland: VA Business Assurance Services 5th Floor, Blue Plaza Building, India Street P.O.Box 1090 Arusha, Tanzania Tel/Fax: +255 (0) Vincent Augustino (Managing partner) Mobile: Disclaimer This newsletter on changes of taxes & fees for fiscal year contains general information only, and is not a substitute in place of such professional advice or services, nor should it be used as a basis for any decision or action that may affect your finances or your business and does not in any way oblige or form a liability on our part. SiSi consultants