Value Added Tax (General) (Amendment) Regulations, 2018

The Value Added Tax (General) (Amendment) Regulations, 2018 published on 19 October 2018. These regulations clarify The Value Added Tax Act, 2014 and amend the Value Added Tax (General) Regulations, 2...

How & When to file and revise your Estimate of Tax in Tanzania

A taxpayer in Tanzania is required to file a return of an estimate of tax payable for the year of income. AUG 6, 2020 UPDATE: INCOME & CORPORATE TAX RETURNS & REVISIONS ARE NOW TO BE SUBMITTED...

Tanzania Budget 2018/19

Today in Dodoma, Tanzania, the Minister of Finance tabled Tanzania’s Budget for 2018-2019. Click below to read the Tanzania Budget 2018/19 speech in Swahili HOTUBA YA BAJETI WIZARA YA FEDHA NA MIPAN...

Extension of time to file tax return

For businesses that have their financial year ending on 31 December, the deadline to submit the return of income and financial statements is 30 June. As we approach the deadline to submit the return o...

Tanzania Budget 2017/18

Yesterday, Tanzania’s Minister for Finance & Planning, Hon. Dr. Philip Mpango, tabled at the Parliament of Tanzania, the estimates of government revenue and expenditure (national budget for ...

Employer’s Return of Earnings – Workers Compensation Fund

Further to the requirement for all Employers to register and contribute to Workers Compensation Fund, employers are required to fill in and file an annual return called ‘EMPLOYER’S RETURN OF E...

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...

VAT on International Transport for Goods in Transit

The VAT Act 2014, charges VAT at the rate of zero to the supply of services involving international transport of goods. Therefore, the transportation of goods to/from outside the United Republic of Ta...

Verification of taxpayers’ records

TRA has announced that all Taxpayer Identification Number (TIN) holders are to report to any TRA offices for their records to be verified and updated. The implementation of the first phase will run fr...

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 maxi...