Section 33A of the Finance Act 2025 authorizes the Commissioner to deem 30% of an entity’s profits as distributed if none are made within 12 months after the income year, attracting a 10% withholding tax.
#tax#tanzania
From Sept 2025, the Finance Act expands “equity” to include retained earnings helping firms boost equity, improve debt ratios & enjoy higher tax-deductible interest.
#FinanceAct2025#Tax#Tanzania
Today, we celebrate the legacy of Mwalimu Julius K. Nyerere, a leader whose wisdom, humility, and dedication to unity continue to inspire generations.
Happy Nyerere Day! 🇹🇿
#NyerereDay#Leadership
Consistently filing PAYE, VAT, and corporate taxes on time protects your business and strengthens
trust among stakeholders.
Treating tax compliance as just an obligation limits it's potential.
#Tax#Tanzania#Innovex
According to Section 11(b) of the Tax Administration Act, as amended by Part XXIX, Clause 54(b) of the Finance Act, 2025, If you earn money online whether through e-commerce, social media, or streaming it’s now part of your taxable income.
#Tax#Tanzania
True leadership goes beyond titles.
It’s about having the vision to see opportunities, the courage to take action, and the consistency to make an impact every day.
#MondayMotivation
Join our team as a Management Consultant.
This role calls for a professional with at least 4 years of experience in consulting, advisory, or project management, with the ability to support businesses in today’s dynamic digital environment.
🔗 https://t.co/KoHijMjUU7
Happy Nelson Mandela International Day!
Today, we celebrate the legacy of Madiba by spreading kindness and compassion. Let's embody his spirit by sharing stories, serving our communities, and uplifting one another.
#MandelaDay#BeTheChange#MovingAfricaForward
INNOVEX proudly served as the quality assurance partner at the Tanzania Gospel Music Awards 2025.
We received a Certificate of Appreciation from Hon. Eng. Maryprisca Mahundi and had the honour of announcing some of the winners on stage.
Congrats to all the TGMA 2025 winners!
We're hiring a Media & Communications Intern 🎨
Got an eye for design and a passion for digital storytelling?
Join our team at INNOVEX and grow your skills in a dynamic environment.
🗓 Deadline: 5th May 2025
🔗 Apply: https://t.co/NulqvqcV4b
Wishing everyone a peaceful Good Friday. It's a moment to reflect on values of compassion, humility, and service — principles that resonate across all walks of life and work.
What happens when you stop teaching by grade and start teaching by need?
In Tanga City, the Teaching at the Right Level (TaRL) approach is helping students who were once left behind learn to read, do math—and believe in themselves again.
Full story 👉 https://t.co/nLE5C7Vn0q
INNOVEX is proud to be part of the transformation happening through the TangaYetu program! 🎉
We look forward to seeing this space continue to thrive as a center for business, culture, and recreation in Tanga!
#InnovationForImpact#UrbanDevelopment#TangaYetu#INNOVEX
During the 13th Steering Committee Meeting of the TangaYetu program on December 6, 2024, committee members, led by Chairperson Mr. Juma Rashidi Iddi, visited Jamhuri Park (Forodhani) to witness its progress since its inauguration.
📌 Did You Know?
Taxpayers involved in controlled transactions must ensure their transfer pricing documentation includes an evaluation of compliance with the arm’s length principle—analyzing comparable data to maintain consistency in tax filings.
#TransferPricing#TaxCompliance
💡 Did You Know?
Registered businesses can apply to defer VAT payment on imported capital goods—provided they maintain proper records, file VAT returns on time, and meet eligibility criteria.
#TaxTips#INNOVEX#MovingAfricaForward