NEWS & UPDATES

The shift from traditional profit-based taxation to gross revenue models for certain businesses has sparked a critical policy debate: Are we simplifying compliance or undermining fairness? This article examines the implications of this trend on businesses, government revenue, and the accounting profession—calling for national reflection on the future of our tax system. Let me know if you'd like a shorter variation for media summaries.

The Finance Act 2025 is now in force, bringing major changes to Tanzania’s tax landscape. From the new dividend distribution rules and a 1% minimum tax on loss-making businesses, to VAT withholding and digital tax reforms — this article highlights what’s approved, what changed, and what it all means for businesses and professionals. Stay informed, stay compliant.

CAG's published reports revealed crucial insights into Tanzania’s public sector. This article provides highlights of some issues reported.

Dive into the latest standards governing directors' reports. Stay ahead with clarity and compliance. #NBAA #FinancialReporting #TFRS1