#taxation

According to The Conversation Africa, climate-related disasters in sub-Saharan Africa are increasingly affecting public perceptions of taxation. Events such as floods, droughts, and storms are not only environmental issues but also impact livelihoods, inequality, and the relationship between citizens and their governments. Effective taxation relies on citizens' trust in the state's capability and fairness, especially during crises, as governments depend on tax revenues to fund essential services and climate adaptation efforts.

The Constitutional Court has ruled against the implementation of a zero VAT rate for second-hand gold, confirming that most second-hand gold will now be subject to the standard value-added tax rate of 15%. This decision effectively closes a longstanding loophole in the taxation of second-hand gold transactions.

TanzaniaInvest interviewed Dr FAyaz Bhojani, Managing Partner of FB Attorneys, which is the only law firm in Tanzania ranked highly by major international legal directories. He discussed the firm's expertise in cross-border arbitration, mining, oil and gas, and mergers and acquisitions. Dr Bhojani highlighted that foreign investors prioritize the rule of law and a fair, predictable tax system when considering investments in Tanzania.