Eid Mubarak
To our esteemed clientele, We pray for your success and prosperity on the occasion of Eid. Eid Mubarak...
Recent Posts
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...
Eid Mubarak 1438 / 2017
Ali ibn Abi Talib (peace be upon him) on the occasion of Eid gave a sermon. The following is an extract: O people! Verily this day of yours is the day when the righteous are awarded and the wretched a...
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...
Common Errors in Form 128 – Date
All limited liability companies are required to file, among other documents, an annual return at BRELA. This return is referred to as the Form 128 in forms schedule under the Companies Act, 2002. A lo...
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...
Declaration of Head of Finance/Accounting
The National Board of Accountants and Auditors (NBAA) requires financial statements to be accompanied with a declaration issued by the Head of Finance/Accounting responsible for the preparation of fin...