Arusha. The Court of Appeal has upheld decisions of the Tax Revenue Appeals Board (TRAB) and the Tax Revenue Appeals Tribunal (TRAT) dismissing an appeal by Bank of Africa Tanzania Limited, thereby allowing the Tanzania Revenue Authority (TRA) to collect more than Sh240.5 million in additional tax.
The disputed amount comprises Sh225.6 million in principal tax and over Sh14.9 million in interest.
