The World Bank Group (WBG) provides grants, credits and policy analysis to support economic development in Tanzania with a focus on infrastructure and private sector growth. As of 2018, WBG supports 25 active projects with funding of more than $3.95 billion. The WBG provides analytical and technical assistance in coordination with these projects. From 2007-2018 Tanzania maintained real GDP growth averaging 6.8% a year. Growth concentrated in the agricultural and transportation sectors. Complementing this growth, the poverty rate in Tanzania fell from 28.2% in 2012 to 26.9% in 2016. Debate exists over the validity of this growth as development may be unevenly dispersed among different geographic and income groups.
In reviewing the Finance Bill 2024, published on June 18t, 2024, SARC Law Chambers would like to highlight our opinions and recommendations regarding certain proposed and non-proposed provisions within the Tax Revenue Appeals Act (CAP 408) and the Tax Administration Act (CAP 438).
1.0 Regarding...
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