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...
Recent Posts
Tanzania Budget 2016-2017 – Proposed changes
Its that time of the year again when Ministers of Finance in the East African Countries pose for a photo with the famous Budget briefcases before addressing their respective national assemblies to unv...
How to Register your tax payment with TRA
Tanzania Revenue Authority (TRA) have introduced an Online Payment Registration Gateway. Taxpayers are required to register their intent to make a payment online on the TRA gateway. The gateway issues...
Clearing and Forwarding Agents – What are the requirements and how to apply – Tanzania
Introduction: Clearing and Forwarding Agents (CFAs) are persons licenced by the Commissioner for Customs & Excise Department to carry on the duty of processing documents and clearing goods from c...
Application for customs licenses for the year 2016 – Tanzania
Eligible firms wishing to operate during the year 2016 as Customs Agents, Customs Bonded Warehouses/Manufacture Under Bond Operators, Transporters of Goods under Customs Control or Inland Container De...
The Workers Compensation Fund – How to register and contribute
The Workers Compensation Act, 2008 announced a fund called The Workers Compensation Fund. All employers are required by law to contribute to this fund. You can read more about this Act here. How t...
VAT Registration threshold – TZS 100,000,000
The much awaited Value Added Tax (General) Regulations, 2015 have finally been published detailing the procedures and operations for the VAT Act, 2014. Among the changes is the sales threshold that w...
Notification of Input tax credit at the commencement of VAT Act, 2014
As per regulation 34 of the Value Added Tax (General) Regulations, 2015, a notification has to be filed by all VAT registered traders who have Input tax credit dated before July 1, 2015 that they wish...
Eid Mubarak
From all of us at S R Auditors, We wish you happiness and the opportunity to share it with others; We wish you health and the opportunity to help to cure others; We wish you wealth and the opportunity...
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...