RSM Tanzania
Biography

Lina has over 20 years of experience in audit and assurance services having handled clients in various sectors including banking, insurance, donor funded projects, public sector, manufacturing, industrial and trading. Over the last 5 years, she has acquired extensive experience in direct and indirect taxation in Tanzania. She has also undergone training of USAID Audits of Non – US Organisations.

In the context of taxation, Lina has undergone training in international taxation and transfer pricing and has handled a large number of tax audits  and investigations with the revenue authorities.

In addition to her extensive experience in audit and taxation, Lina has also handled various transaction advisory & corporate finance, risk advisory and business consulting engagements, financial and tax due diligence, developing project feasibility studies; and corporate restructuring.

Lina has also been involved in the preparation of accountants’ reports for inclusion in prospectuses of companies issuing shares and bonds to the public including Jubilee Insurance Tanzania Ltd, Diamond Trust Bank Tanzania Ltd, Barclays Bank Tanzania Ltd and Nation Media.

She is currently a member of:

  • National Board of Accountants and Auditors of Tanzania (NBAA)
  • The Institute of Certified Public Accountant of Kenya (ICPAK)

She is also on the NBAA technical committee and holds a Post Graduate Diploma in Finance Management from the Institute of Finance Management and a Bachelor of Commerce degree.

Previously, she worked with PricewaterhouseCoopers and its predecessor firms for 14 years (2 of which were in the United Kingdom). In addition to managing an audit portfolio of multinational clients, Lina was in charge of the technical department at PricewaterhouseCoopers.

Lina is fond of reading, swimming and traveling.

Publications

Tanzania tax laws and practice

9 September 2019
Introduction Thin capitalisation refers to the ratio of debt to equity.   Where a corporation is heavily capitalised by debt claims, it is considered to be thinly capitalised. In certain circumstances, a corporation that is thinly capitalised may not be entitled to a full deduction of its interest expense. A ...

Tanzania Finance Act 2019 Update

23 July 2019
TANZANIA FINANCE ACT 2019 UPDATE Further to our newsletter circulated after the budget speech, we would like to take this opportunity to inform you of some significant changes in the Finance Act 2019 which were not included in the Budget Speech read by the Honorable Minister of Finance on 13 June 2019 and/or the Finance Bill. Income Tax ...

The importance of outsourcing the grant management function

27 June 2019
Properly managing awarded funding is as important as winning a grant. It is therefore imperative to have the necessary financial controls in place to adhere to the terms of the grant. Non-profit (NFP) organisations are driven to solve many problems and serve their communities. That mission is extremely noble, but it also makes financial manageme...

Frequently asked questions on company secretarial online registration system

28 May 2019
When was the online registration system introduced? Kenya On 15th October 2017 the Registrar of Companies gave a directive that all registered companies be set up on E-Citizen platform as a way of migrating services from manual to online. The responsibility of the companies’ registry was to verify details submitted online with the records h...

The pros and cons of outsourcing business functions and processes

22 May 2019
Outsourcing is a common practice of contracting out business functions and processes to third-party providers. There is an increased trend globally to outsource the back office services and the key one a number of companies look into are the accounting and payroll services. So, what are the advantages of outsourcing the accounting functio...

Tax Administration (Transfer Pricing) Regulations, 2018

8 December 2018
Tax Administration (Transfer Pricing) Regulations, 2018 What is the impact of the Tax Administration (Transfer Pricing) Regulations, 2018? SUMMARY The Tax Administration (Transfer Pricing) Regulations, 2018 came into effect by way of Government Notice 166 published on 27 April 2018. However, these Regulations were released to the publi...

Finance Act 2018 Update

25 July 2018
Further to our newsletter circulated after the budget speech, we would like to take this opportunity to inform you of some significant changes in the Finance Act 2018 which were not included in the Budget Speech read by the Honorable Minister of Finance on 14 June 2018 and/or the Finance Bill passed by the Parliament on 28 June 2018. Read more o...