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Tanzania Revenue Authority : Tax Calculator 2016

Tanzania Revenue Authority : Tax Calculator 2016

What are the due dates for payment of duties and taxes?
 Income Taxes
  •  Withholding taxes are payable within seven (7) days after the end of calendar month
  •  Taxes payable in installments (Provisional assessed tax) payable on quarterly basis e.g in case of taxpayers whose accounting periods ends on 30th December the installments shall be due by the end of March, June, September and December.
  •  Self-assessed tax is payable on the date of filling the final return of income ( 6 months after the end of the year of income
  • Jeopardy assessed tax is payable on the date specified on the notice of assessment
  • Adjusted assessed tax is payable within 30 days from the date of assessment
Value Added Tax (VAT)
VAT is payable within 30 days following the month of business that is due date of submitting the Return
Customs taxes
Duties and Taxes on importation of goods are payable within 30 days from the date of assessment

Tanzanian shilling TSHS/TZS to Chinese Yuan Renminbi




Tanzanian shilling TSHS/TZS to Chinese Yuan Renminbi 


Calculate live Chinese Yuan Renminbi to Tanzanian Shilling foreign exchange rates with this free currency


TAGS: Tanzanian shilling TSHS/TZS to Chinese Yuan Renminbi , Convert Tanzania shillings TSHS/TZS to Chinese Yuan Renminbi 

Calculator to convert money in Chinese Yuan (CNY) to and from Tanzanian Shilling (TZS) using up to date exchange rates

Tanzanian shilling TSHS/TZS to British Pound (GBP)




Tanzanian shilling TSHS/TZS to British Pound (GBP)


Calculator to convert money in Pound Sterling (GBP) to and from Tanzanian Shilling (TZS) using up to date exchange rates.
Chart of exchange rate values over time


TAGS: Tanzanian shilling TSHS/TZS to British Pound (GBP), Convert Tanzania shillings TSHS/TZS to British Pound (GBP)

Tanzanian Shilling TSHS to Euro 2016




Tanzanian Shilling TSHS to Euro 2016 


Chart of exchange rate values over time


TAGS: Tanzanian shilling TSHS to Euro/Convert Tanzania shillings TSHS to Euro / BOT Currency Exchange


Tanzanian shilling TSHS to USD




Tanzanian shilling TSHS to USD


1 Tanzanian Shilling equals
0.00046 US Dollar
Chart of exchange rate values over time


TAGS: Tanzanian shilling TSHS to USD, Convert Tanzania shillings TSHS to USD

Paye Rates 2015/2016 Tanzania

Tanzania Revenue Authority (TRA) Paye Rates 2015/2016 Tanzania




This PAYE  Calculator income tax calculator for Tanzania Mainland estimates pay as you earn (PAYE) tax returns due to the Tanzania Revenue Authority – TRA and the net pay the employee takes home after taxes and deductions such as PPF, PSPF and NSSF contribution .
Type your monthly pay after deducting PPF, NSSF or PSPF Contribution,
Then click on the "calculate PAYE" button to find your monthly Income Tax payable.



This PAYE income tax calculator for Tanzania Mainland estimates pay as you earn (PAYE) tax returns due to the Tanzania Revenue Authority – TRA and the net pay the employee takes home after taxes and deductions such as PPF, PSPF and NSSF contribution.













This PAYE income tax calculator for Tanzania Mainland estimates pay as you earn (PAYE) tax returns due to the Tanzania Revenue Authority – TRA and the net pay the employee takes home after taxes and deductions such as PPF, PSPF and NSSF contribution.

PAYE Calculator for Dar es Salaam



TAGS: Paye Rates 2015/2016 /TRA Paye 2015/2016 /Paye in Tanzania 2015/2016


Tanzania Revenue Authority (TRA) EFD Machines Details


Tanzania Revenue Authority (TRA) EFD Machines Details



What is Electronic Fiscal Device? (EFD)

Electronic Fiscal Device (EFD) means a machine designed for use in business for efficient management controls in areas of sales analysis and stock control system and which conforms to the requirements specified by the laws.

Types of Electronic Fiscal Devices (EFDs)

Electronic Tax Register (ETR)

The device is used by retail business that issue receipts manually.



Electronic Fiscal Printer (EFP)


The device is used by computerized retail outlets. It is connected to a computer network and stores every sale transactions or details made in its fiscal memory.

Electronic Signature Device (ESD)

The device is designed to authenticate by signing any personal computer (PC) produced financial document such as tax invoice. The device uses a special computer program to generate a unique number (Signature) which is appended to and printed to every invoice issued by the user’s system.

NOTE:

You are obliged to issue receipt or invoice on each sale and notify any changes/malfunctioning of the machinery to Commissioner within 24 hours. The supplier of the machine will install, configure and attend the malfunctioning of the machine within 48 hours

EFD SECOND PHASE

Implementation of the second phase of Electronic Fiscal Devise (EFD) begun since year 2013, with the aim to expand the number of traders who shall use the EFD system to issue receipts or tax invoice in every transaction made. The second phase includes non VAT registered traders is administered under The Income Tax Act, through the Income Tax (Electronic Fiscal Devices) Regulation, 2012.

Implementation of the second phase of EFD shall include the following groups;

i. Persons who are not VAT registered with a turnover ranging from TSHS 14 million and above per year;

ii. Traders trading in the Region’s prime areas, identified on the basis of rent payable;

iii. Traders dealing with selected business sectors such as Spare Parts, Hardware, Mini Supermarkets, Petrol stations, Mobile phone shops, Sub wholesale shops, Bar and Restaurants, Pharmaceutical Stores; Electronic Shops etc.

The system is ongoing and the Authority shall gradually be registering traders basing on traders business prosperity, experience and capacity

WHY EFDs is preferred?

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