News Central TV | Latest Breaking News Across Africa, Daily News in Nigeria, South Africa, Ghana, Kenya and Egypt Today.
    Facebook X (Twitter) Instagram
    • International
    • Business
      • West Africa
      • North Africa
      • Southern Africa
      • East Africa
    • Politics
      1. West Africa
      2. Southern Africa
      3. East Africa
      4. North Africa
      5. View All

      Algeria Initiates Mediation in Three ECOWAS States Over Niger Crisis

      August 23, 2023

      Lagos Police Deny Widespread Violence in March 18 Elections

      March 19, 2023

      Benin Opposition Rejects Parliamentary Election Results

      January 12, 2023

      Violent Extremism on the Rise in Post-Coup Burkina Faso

      January 9, 2023

      Botswana Denies Issuing Arrest Warrant Against Former President Khama

      March 20, 2023

      Opposition Demand Snap Polls Over Ramaphosa Scandal

      December 2, 2022

      Former President Ian Khama Plans Botswana Return in December

      September 24, 2022

      President Lourenco of Angola Set to be Sworn in For a Second Term

      September 15, 2022

      Museveni Announces Uganda is Now Ebola-Free

      December 21, 2022

      Somaliland’s Former Chairman Quits Electoral Commission

      June 1, 2022

      Kenya: President Kenyatta in Disagreement with Deputy over Economic Policies

      March 15, 2022

      Libya’s Interim Prime Minister Escapes Assassination Attempt

      February 10, 2022

      Algeria Frees Opposition Figure Nekkaz After Vow to Quit Politics

      January 19, 2023

      Tunisians Await Election For ‘Powerless’ Parliament on Saturday

      December 15, 2022

      UNSC Holds Closed Door Session Over MINURSO

      October 18, 2022

      Algeria Launches Bid For United Nations Security Council

      September 22, 2022

      President Bio Addresses Sierra Leoneans Following Coup Attempt

      November 26, 2023

      Malawian First Lady Monica Chakwera Launches Orphan Allowances Distribution Programme

      November 20, 2023

      Malian Troops Retake Rebel-Held Kidal Region

      November 14, 2023

      APC’s Ododo Beats Ajaka, Melaye To Win Kogi Election

      November 13, 2023
    • Entertainment
    • Technology
    • Sports
      1. Central Africa
      2. East Africa
      3. Southern Africa
      4. West Africa
      5. View All

      Etoo Pleads Guilty to Tax Fraud To Avoid Prison Sentence 

      June 20, 2022

      89 Buses Used for AFCON 2021 Reportedly Missing

      April 20, 2022

      AFCON: Stadium Stampede Leaves 8 Dead in Cameroon

      January 25, 2022

      Minnows Rise, Giants Wobble as AFCON Comes to Life

      January 16, 2022

      Kenyan-Born Turk Can Wins 10,000m Gold in Islamic Games

      August 11, 2022

      Omanyala Out To Prove Kenyans Can Be Great Sprinters Too

      July 13, 2022

      Kenya’s Omanyala Now Africa’s Fastest Man After Win In Mauritius

      June 9, 2022

      Husband of Late Kenyan Athlete, Agnes Tirop in Court To Face Murder Charges

      October 19, 2021

      Blitzboks Crowned Canada Seven Champions After Victory Over Kenya

      September 20, 2021

      South Africa in the Running to Host FIFA Club World Cup

      September 14, 2021

      Free State Drama: Bloemfontein’s Death and Renaissance in One Week

      August 22, 2021

      #AFCON2021 Groups, Table, and Fixtures

      August 17, 2021

      Tobi Amusan Dominates Women’s 100m Hurdles to Secure Third Consecutive Diamond League Title

      September 18, 2023

      World Cup Hosts Qatar Facing Early Exit After Defeat by Senegal

      November 25, 2022

      Amusan Clinches Commonwealth Gold Again In Record-Making Race 

      August 7, 2022

      Amusan, Brume Take Nigeria To Grand Podium Finishes In Oregon 

      July 25, 2022

      Napoli Forward, Victor Osimhen Receives AIC Footballer of the Year Award

      December 6, 2023

      Germany Defeats France on Penalties to Lift U-17 FIFA World Cup

      December 3, 2023

      Harry Maguire Accepts Apology from Ghana MP Isaac Adongo

      November 24, 2023

      DR Congo Calls Up Aaron Wan-Bissaka for AFCON

      November 23, 2023
    Facebook X (Twitter) Instagram YouTube LinkedIn
    News Central TV | Latest Breaking News Across Africa, Daily News in Nigeria, South Africa, Ghana, Kenya and Egypt Today.
    Watch Live TV
    OUR TV SHOWS:
    • Breakfast Central
    • Village Square Africa
    • Business Edge
    • Secure the Continent
    • One Slot
    • Politics HQ
    • Report Desk Africa
    • E Central
    News Central TV | Latest Breaking News Across Africa, Daily News in Nigeria, South Africa, Ghana, Kenya and Egypt Today.
    Business Edge | Tanzania to Introduce Digital Services Tax
    Business News

    Business Edge | Tanzania to Introduce Digital Services Tax

    Jide TaiwoBy Jide TaiwoApril 25, 2022Updated:April 25, 2022No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    As the month of April enters its final week, Tanzanians are bracing for the introduction of a digital tax mainly aimed at tech companies that operate in the country. The Tanzania Revenue Authority met with executives of Meta, the company that owns Facebook, Instagram and Whatsapp as part of the government’s consultations on the digital services tax.  In 2021, it was suggested that digital tech companies such as Facebook, Twitter, and Apple among others be levied as they do not remit anything to the country’s purse, while Tanzania insists doing so will have no impact on citizens and consumers. The situation is similar to Kenya’s where tax authorities there have moved to increase the digital tax there in order to boost the country’s earnings. On the Monday edition of Business Edge, Lekan Onabanjo discusses with Aly Khan Satchu, African geo-economist, macro analyst and CEO of Rich Management based in Nairobi. Together, they examine the pros and cons of the proposed digital tax in Tanzania.

    Although Tanzania is yet to declare the start date for the digital tax, it is clear that it is only a matter of time before it kicks off. “Clearly, [the subject] is on the radar, in a matter of fewer than twelve months,” Aly Khan Satchu says, explaining that it is part of the new government of Samia Suluhu Hassan’s approach to involving all stakeholders in matters of policy. “I expect the [bill} to push through in twelve months, probably less than six,” he added.

    Furthermore, the Hassan presidency has shown that it is willing to engage and argue the merits of the policy before going on to implement it- unlike it did in 2021 when it introduced the widely unpopular mobile money tax last August. “When one considers] things like the mobile money tax which was increased last year, which was a poor decision and poorly implemented, what is being seen now is a more open government, open to discussion and seeking to carry everyone along.”

    Watch the full episode of Business Edge above.

    Tanzania Tanzania digital tax
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Jide Taiwo

    Related Posts

    Meet the Candidates of the Egypt Presidential Election

    December 7, 2023

    World Bank to Fund $5 Billion Renewable Energy Project For Africa

    December 7, 2023

    Gift of the Givers Sues Israeli Government With War Crimes Against Humanity

    December 7, 2023

    Leave A Reply Cancel Reply

    Top Stories

    Meet the Candidates of the Egypt Presidential Election

    December 7, 2023

    Assailants Shoot at NDLEA Agents in Edo, Nigeria; Three Officers Injured

    December 7, 2023

    Student Loan: Nigerian Government Insists on January as Takeoff Date

    December 7, 2023

    (VIDEO) Nigerians Protest Sack of Kano Governor, Abba Yusuf

    December 7, 2023

    World Bank to Fund $5 Billion Renewable Energy Project For Africa

    December 7, 2023

    Gift of the Givers Sues Israeli Government With War Crimes Against Humanity

    December 7, 2023
    News Central TV | Latest Breaking News Across Africa, Daily News in Nigeria, South Africa, Ghana, Kenya and Egypt Today.
    Facebook X (Twitter) Instagram YouTube LinkedIn
    News Central Television © 2023 All rights reserved.

    Type above and press Enter to search. Press Esc to cancel.

    Go to mobile version