Of 14%, 12% & 0% VAT post 03.08.22
The Minister of Finance and Economic Development (MOFED), Honourable Peggy Serame recently announced a decrease in the VAT rate from...
Proforma invoices or fee notes trigger VAT
Some businesses tend to issue proforma invoices to a customer after a confirmed deal or sale as a way of...
No VAT claims on private phone calls
Value Added Tax (VAT) is by nature one of the most dicey taxes that requires special attention. We are sure...
Fabricated transactions are tax risky
In some cases, businesses enter into various trade agreements that require legal documents such as contracts, partnership deeds etc. Mostly,...
Ignoring tax health checks is risky
Businesses evolve especially given the technological advances we see unfolding every day. Accordingly, as the operating environment changes so does...
The 5% Tax on Special Economic Zones
The Minister of Finance and Economic Development conferred a 5 percent corporate tax rate to investors or developers approved as...
Deduct 10% commission, always!
In some instances, business operators engage agents to perform certain assignments that they either lack the time or expertise to...
SPEDU 5% corporate tax explained
Tax incentives are generally tools implemented and used by governments across the world to influence economic growth and job creation,...
Employee free benefits trigger VAT
Some employers strive to motivate their human capital by offering the same products or services to their employees as those...
No VAT claims on passenger vehicles
Some businesses find it beneficial to lease a motor vehicle for a specific period of time as opposed to acquiring...
