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...
Tax in Tanzania
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...
Tanzania’s Finance Bill, 2016 & Finance Act, 2016
Tanzania’s Finance Bill, 2016 is released to public on 13 June 2016. The following are summary of the proposals as per the first draft (as compared to and in addition to the Budget Speech): UPDA...
Income Tax rates for Tanzania 2015-2016
The Finance Act, 2015 has confirmed the new income tax rates (PAYE rates) for the fiscal year 2015-2016. Apart from a reduction of 1% in the second band, there is no change. This will result in a maxi...
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