Monday, August 15, 2011

Tanzania’s Tax Exemptions:

Every year the Parliament of Tanzania carefully scrui nizes the Government’s budget. Tax exempi ons, on the other hand, do not receive the same at eni on in the Parliament, eff eci vely making them hidden expenditures. Tax exempi ons involve very large sums of money. In 2009/10 alone, 2.3 percent of GDP or TZS 695 billion was granted in tax exempi ons. The sheer size of the amount involved raises quesi ons about the purpose these incentives serve and whether the amounts spent on them are jusified.

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