Rishit Shah

Rishit Shah

business professional Tanzania

Rishit Shah is a Partner for Tax and Legal Services at PricewaterhouseCoopers (PwC) Tanzania. He is recognized for his expertise in tax policy and legal frameworks and has been actively involved in discussions regarding Tanzania's tax regulations. Recently, he expressed concerns about the government's proposed 10 percent withholding tax on retained earnings, warning that it may lead to double taxation and discourage business reinvestment. His insights underscore the complexities of the tax landscape in Tanzania, particularly regarding its potential impact on corporate operations and economic growth.

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Tanzania Tanzania: Mr Rishit Shah said the one-year extension provides some comfort but stressed the need for clarity around implementation. 6

Mwigulu Nchemba Amani Michael Lathifa Sykes Nsanyiwa Donald Samia Suluhu Hassan
The Citizen – major Tanzanian English newspaper, est. 2004: Retained earnings tax: Policy shift brings relief, but doubts remain

Tanzania Tanzania: Mr Rishit Shah warned that implementation challenges could emerge, particularly in tracking the cumulative retained earnings subjected to the new withholding tax. 5

Mwigulu Nchemba Neema Lugangira Goodwill Wanga Ombeni Sefue Samia Suluhu Hassan Charles Kimei
The Citizen – major Tanzanian English newspaper, est. 2004: Tax on retained earnings spurs heated fiscal debate in Tanzania

Tanzania Tanzania: Mr Rishit Shah highlighted the challenges in the firm’s National Budget Bulletin. 5

Mwigulu Nchemba Zitto Kabwe
The Citizen – major Tanzanian English newspaper, est. 2004: Proposed tax on retained earnings raises double taxation concerns