Paying Taxes.
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 to which the taxes relate.
Taxes payable in installments (Provisional assessed tax) are paid 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.
Final return of Income shall be filled and paid (where applicable) within six (6) months after the end of the year of income to which the final return relates
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 service of the assessment.
Value Added Tax (VAT)
VAT is due and payable on or before 20th day of the month following the month of the business to which the return relates. A taxpayer is required to submit return whether or not that person has a net amount of value added tax payable for that period. If the 20th day follows on the Saturday, Sunday or public holiday the return shall be lodged on the first working day following the Saturdays, Sunday or Public day.
Extension of Time to Pay Tax
A taxpayer may, in writing, apply to the Commissioner General for an extension of time to pay tax under a tax law. The Commissioner General may, upon the receipt of the application and where good cause is shown, extend the date on which tax or part of tax shall be paid.
The Commissioner General shall serve the applicant with written notice of the decision on the application. Where an extension is granted by permitting the taxpayer to pay tax by instalments and the taxpayer has defaulted in paying any of the instalments, the whole balance of the tax outstanding plus the interest shall become payable immediately.
Income Tax for Transporters of Goods and Passengers
Tax payable by a resident person engaged in transportation of passengers or goods per year shall be determined in accordance with the rates prescribed below:
|
Vehicle Category |
Tax Rate in TZS per annum |
|
Category A: Goods Vehicle |
|
|
Load Vehicle between 0 - 1 Ton |
180,000/= |
|
Load Vehicle between 1 - 5 Tons |
450,000/= |
|
Load Vehicle between 6 - 10 Tons |
720,000/= |
|
Load Vehicle between 11 - 15 Tons |
1,710,000/= |
|
Load Vehicle between 16 - 20 Tons |
2,430,000/= |
|
Load Vehicle between 21 - 25 Tons |
2,610,000/= |
|
Load Vehicle above 25 Tons |
2,790,000/= |
|
Category B: Passenger Vehicle |
|
|
Bus/other vehicle with seating capacity below 10 passengers |
180,000/= |
|
Bus with seating capacity above 10 but below 16 passengers |
450,000/= |
|
Bus with seating capacity from 16 up to 30 passengers |
720,000/= |
|
Bus with seating capacity up to 32 passengers |
1,710,000/= |
|
Ordinary bus |
2,430,000/= |
|
Semi-luxury bus |
2,610,000/= |
|
Luxury bus |
2,790,000/= |