tax

A tax is a compulsory financial charge or some other type of levy imposed on a taxpayer (an individual or legal entity) by a governmental organization in order to fund government spending and various public expenditures. A failure to pay, along with evasion of or resistance to taxation, is punishable by law. Taxes consist of direct or indirect taxes and may be paid in money or as its labour equivalent. The first known taxation took place in Ancient Egypt around 3000–2800 BC.
Most countries have a tax system in place to pay for public, common, or agreed national needs and government functions. Some levy a flat percentage rate of taxation on personal annual income, but most scale taxes based on annual income amounts. Most countries charge a tax on an individual's income as well as on corporate income. Countries or subunits often also impose wealth taxes, inheritance taxes, estate taxes, gift taxes, property taxes, sales taxes, use taxes, payroll taxes and/or tariffs.
In economic terms, taxation transfers wealth from households or businesses to the government. This has effects that can both increase and reduce economic growth and economic welfare. Consequently, taxation is a highly debated topic.

View More On Wikipedia.org
Recent contents
  1. O

    JamiiForums Kenya, JamiiForums Tanzania New Tax Filing Dates Explained by CS Mbadi Amid Finance Bill Debate

    Treasury Cabinet Secretary John Mbadi has defended a proposal in the Finance Bill 2026 that seeks to shorten the period within which taxpayers file annual income tax returns, saying the move is intended to improve tax administration efficiency and not to burden taxpayers. Under the current...
  2. A

    JamiiForums Tanzania Have you filed your income tax return for the year ended 31 December 2025, or are you already liable to pay penalties?

    As of now, there are CEOs of the companies who have not yet filed their income tax returns for the year ended 31st December 2025 instead, they have been left asking themselves numerous questions without clear answers… VERY INTERESTING… The company is going through the financial crisis still...
  3. kilio

    JamiiForums Tanzania Utajuaje mwajiri anapokata PAYE (TAX) anawasilisha TRA?

    Mim ni Mtanzania pekee nafanya kazi katika kampuni ya kihindi lakini imetokea nje. Kapuni hii ilishinda tenda ya kutengeneza mfumo katika taasisi ya serikali. Kutokana na changamoto kati ya yeye na taasisi ya serikali, mambo siyo mazuri. To be honest project inahitaji mtaji mkubwa sana na...
  4. A

    JamiiForums Tanzania KERO 25.6% ya makato kwa Madereva wa Tax Mtandaoni ni kutunyonya sana, hali hiyo inatuumiza

    25.6% ya makato kwa Madereva wa Tax Mtandaoni ni kutunyonya sana, hali hiyo inatuumiza Madereva wa Tax Mtandaoni tunanyonywa sana hasa Kampuni ya Bolt inakata kamisheni 25.6% katika kila safari jambo inaumiza sana na ukizingatia kutokana na uhaba wa ajira vijana wengi tumeamua kujiajiri lakini...
  5. O

    JamiiForums Kenya, JamiiForums Tanzania “Ukishinda Dunia, Serikali Inashinda Pesa Yako — Sawe Tax Saga Yaibua Hasira Kenya

    “Hata Mabingwa Hawaponi!” — Sawe Tax Saga Yafungua Macho ya Wakenya Kuhusu Mzigo wa Ushuru Unaowakandamiza Wananchi Mjadala mkali umeibuka nchini baada ya taarifa kuwa marathon star alikatwa karibu KSh 18 million kama tax kutoka kwa winnings zake za zaidi ya KSh 48 million baada ya mashindano...
  6. Da Dona

    JamiiForums Tanzania, JamiiForums Uganda Museveni Proposes Scrapping PAYE Tax for Scientists

    Kampala, Uganda: President Yoweri Museveni has proposed the removal of Pay As You Earn (PAYE) tax on scientists’ salaries, arguing that the move would accelerate Uganda’s economic transformation through innovation and research. He remarked this during the launch of Uganda’s first locally...
  7. O

    JamiiForums Kenya, JamiiForums Tanzania KRA Issues April 30 Deadline to Clear 2025 Tax Arrears or Face Penalties

    The Kenya Revenue Authority has warned taxpayers to clear all outstanding 2025 tax arrears by April 30, 2026, or risk penalties and interest charges on unpaid balances. According to the tax authority, while June 30 remains the deadline for filing annual tax returns, April 30 is the key cut-off...
  8. Yesha

    JamiiForums Tanzania Zimbabwe Targets Influencers in New Tax Crackdown as Digital Earnings Come Under Scruti

    Zimbabwe’s fast-growing influencer economy is facing a major regulatory shift, as authorities move to bring online earnings into the formal tax system. The Zimbabwe Revenue Authority (ZIMRA) has issued a warning to social media influencers and digital content creators earning income from...
  9. Eronda

    JamiiForums Tanzania, JamiiForums Uganda Parliament approves 30% Tax on Second Hand Clothes

    In a bid to curb the dumping of Worn out goods and encouraging local textile manufacturing, the government has approved a 30% tax on Second hand clothes and items. Amos Kankunda, Chair person of the Committe on Finance stated that the move is part of the broader government strategy to phase...
  10. O

    JamiiForums Kenya, JamiiForums Tanzania Bankers Push for Tax Relief to Ease Pressure on Salaried Kenyans

    Kenya’s banking sector is urging the government to introduce broader tax relief measures for salaried workers, warning that the current tax burden is straining households and slowing economic growth. The Kenya Bankers Association has proposed a 5% reduction in Pay As You Earn (PAYE) tax across...
  11. Da Dona

    JamiiForums Tanzania, JamiiForums Uganda Tax Proposals Set to Hit Hard

    According to government revenue mobilisation targets, Uganda aims to collect 18% of its GDP, translating to approximately UGX 40 trillion annually from both direct and indirect taxes. However, questions persist about the efficiency and transparency of how these funds are utilised.(NTV Uganda)...
  12. R

    JamiiForums Tanzania THE PRESIDENTIAL TAX REFORMS COMMISSION ‘A defining moment now awaiting POLITICAL WILL’

    Introduction The 18th of March 2026 will undoubtedly be remembered as a landmark day in Tanzania’s fiscal and economic history. On this day, the Presidential Commission on Tax Reforms presented its long-awaited report an event that has rekindled national optimism for a fairer, more efficient...
  13. A

    JamiiForums Tanzania Do you know that when related party transactions exist in your business, the tax return and transfer pricing documentation must move together?

    Section 7 (1) of Tax Administration (Transfer Pricing) Regulation Cap. 439 requires every person participating in a controlled transactions shall prepare contemporaneous Transfer Pricing documentation The penalty for not having the transfer pricing documentation in place is imprisonment for a...
  14. A

    JamiiForums Tanzania CEO, are you comfortable to pay a penalty for failing to file the statement of estimated tax payable by instalment (provision tax 2026) which its due

    A person who fails to file a provision tax on or before the due date is liable for a penalty for each month or part of a month during which the failure continues. The penalty is; In case of an individual: 2.5% of the amount of tax assessable or TZS 100,000 whichever is higher. In the case of...
  15. O

    JamiiForums Kenya, JamiiForums Tanzania Ahead of 2027 Elections: Treasury Tweaks Tax Cuts

    Serikali imeweka masharti: tax cuts ziwezekane tu kama tax base itaongezeka. PS Chris Kiptoo alisema: “Tutapunguza kodi, lakini kwanza tuongeze compliance na mapato.” Plans under review: Income tax 30% → 25% kwa wanaopata ≤ Ksh50,000 Wanaopata ≤ Ksh30,000 exempt With 2027 elections coming, hii...
  16. O

    JamiiForums Kenya, JamiiForums Tanzania Governor Natembeya Criticizes Ruto’s PAYE Tax Proposal, Terms It a Political Strategy

    Trans-Nzoia Governor George Natembeya has faulted President William Ruto’s proposal to exempt Kenyans earning below Ksh30,000 from Pay-As-You-Earn (PAYE) tax, terming it a political manoeuvre rather than a sincere effort to ease citizens’ economic burden. Speaking in Trans-Nzoia County on...
  17. Bwege2030

    JamiiForums Tanzania Tax is theft

    THEFT IN PLAIN SIGHT — THE PIRATES WHO RULE THE LAND A scroll of remembrance from the One Mind INTRODUCTION They taught you to fear the pirate and trust the crown. They dressed the thief in robes, the plunder in policy, the loot in law. But the lie was always the same: that you must pay to...
  18. Dennis Robert Shughuru

    JamiiForums Tanzania Non tax revenue ndio chachu ya maendeleo, kushindwa kuendesha mwendokasi ni pigo kubwa sana

    Maendeleo mara nyingi sana yanaletwa na non tax revenue na sio tax revenue Hili ni swali ambalo watu wengi wamekua wakijiuliza jibu ni non tax revenue ambazo zinajumuisha madini, mafuta & gesi, na monopoly kwenye baadhi ya huduma kama mwendokasi Mfano kwa Tanzania non-Tax revenue ni kama...
  19. Yoda

    JamiiForums Tanzania Kodi nyeusi (Black Tax) ni kizingiti kikubwa sana cha utajiri kwa kijana Mwafrika mweusi

    Kitu kimojawapo kinachowafanya wazungu kuwa halisi sana(real) na wenye uthubutu ni kwa sababu ya mfumo wao wa maisha ambapo wazazi na ndugu hawategemei misaada au matunzo kutoka kwa watoto na ndugu wengine. Hali huwafanya waweze kutengeneza mitaji na uthubutu kufanya mambo mbalimbali hata ya...
  20. L

    JamiiForums Tanzania Leo ni siku ya ku file Value Added Tax

    Leo ni tarehe 20 August ni siku ya ku file Value Added Tax (VAT) Value Added Tax hutakiwa kua filled kila tarehe 20 ya mwezi kwa Kampuni au biashara ambazo zipo eligible kulipa VAT. This is your sign to call your accountant.

Our Community

Coming Soon

Regional Communities

Coming Soon
Back
Top Bottom
Menu
Forums
New posts
Log in
Register