MWEBESA LAW GROUP
Excellence meets expertise in legal services
On June 30, 2025, the Finance Act, 2025 (The Act) became operational after being passed by the Parliament and subsequently assented by the President. The Act implements the national budget for the fiscal year 2025/2026. This landmark legislation introduces sweeping amendments across multiple tax and regulatory laws, with significant implications for businesses, investors, and the …
Cross-border mergers and acquisitions (M&As) have become a strategic tool for companies seeking to expand their footprint in the global business landscape. However, these transactions involve intricate legal and tax considerations that must be carefully navigated to ensure compliance with relevant laws and regulations. Thanks to globalization, now it is possible for businesses in different …
He who comes to equity must come with clean hands! A tax refund is the amount of money returned (Reimbursed)by the government to taxpayers who have paid tax in excess during a specific period. This applies to Value Added Tax (VAT), Income Tax, and or other taxes paid than they actually owe. For example, exporters …
The digital revolution is not just changing how we do business, it’s redefining the very fabric of our economy. The digital economy, encompassing all economic activity enhanced by digital technologies, infrastructure, and data, has emerged as a powerful force reshaping global markets. Innovations like the Internet of Things (IoT), artificial intelligence (AI), blockchain, and virtual …
Imagine standing before the Tanzania Revenue Authority (TRA), where every missing document or delayed submission can inflate your tax liability and weaken your defense. The rules are clear: the onus of proof rests squarely on your shoulders. Fail to provide the right evidence at the audit stage, and you risk facing assessments based on estimates …
