Statement of estimated tax payable

Every registered business (company and individuals) are required to prepare and file to TRA a statement which shows the estimated tax payable in each year of income. Forms Used by entities: ITX 202.01.E ESTIMATES – Entity form Statement of estimate/revised estimate of tax payable by installment made on behalf of an entity. Used by individuals: ITX […]

Income Tax rates for Tanzania 2016-2017

The Finance Act, 2016 has confirmed the new income tax rates (PAYE rates) for the fiscal year 2016-2017. Apart from a reduction of 2% in the second band, there is no change. This will result in a maximum saving of TZS 3,800 for employees who earn TZS 360,000 or above. For professional tax advice, connect […]

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