According to a comparative global study by PWC, Tanzania is not an easy place to do business as far as tax environment is concerned. It ranks 141 in the world (out of 189) for the ease of making payments to tax authorities. Moreover, even compared against other economies in East Afria, it is not faring well; it has the highest number of payments (48) for corporate taxes (the total of profit tax, labour tax plus other corporate taxes) in the region, as well as the second highest total tax rate (44.9%) among the East African countries.
In such a complex fiscal environment, it is essential to have good business software. Not only will this save you precious time but it will also reduce the risks of error, either intentional or unintentional, as well provide transparency for your organisation.
