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2014/2015 Tanzania Tax Guide

In:

Submitted By LUXES
Words 3888
Pages 16
2014/2015
TANZANIA TAX GUIDE
INCOME TAX FOR CORPORATIONS:
Corporation rate

%

Resident corporation

30

Non-resident corporation

*30

Newly listed companies – reduced rate for 3 years

**25

Alternative minimum tax (on turnover)

*** 0.3

Total income of a domestic permanent establishment (branch profit)

30

Capital deductions
Buildings (straight line)
Agriculture or livestock/fish farming
Other

20
5

Plant and machinery (initial allowance)
Manufacturing or tourism
50
Agriculture

100

Plant & machinery (reducing balance)
Class 1
Class 2
Class 3

37.5
25
12.5

Intangible assets (straight line)

Over useful life

Agriculture - improvements/research and development

100

Mining exploration and development

100

Oil & Gas prospecting, exploration and development (straight line)

20

* A non-resident corporation with a Domestic Permanent Establishment (DPE) also has to account for tax of 10% on
"repatriated income"
** Provided at least 30% of shares are publicly issued
*** Where tax losses for 3 consecutive years

Correspondent firm of Russell Bedford International www.russellbedford.com www.habibadvisory.com
Page 1 of 16

2014/2015
TANZANIA TAX GUIDE
INCOME TAX FOR INDIVIDUALS IN TANZANIA MAINLAND:
Individual Income Tax Rates – for Tanzania Mainland:
Income Range (monthly)
Tshs

Tax rate (PAYE)
%

0 – 170,000=00

NIL

170,000=00 – 360,000=00

12% of the amount in excess of Tshs. 170,000=00

360,000=00 – 540,000=00

Tshs. 22,800=00 plus 20% of the amount in excess of
Tshs. 360,000=00

540,000=00 – 720,000=00

Tshs. 58,800=00 plus 25% of the amount in excess of
Tshs. 540,000=00

720,000=00 and above

Tshs. 103,800=00 plus 30% of the amount in excess of
Tshs. 720,000=00

Individual Income Tax Rates – for Tanzania Zanzibar:
Income Range (monthly)
Tshs.

Tax

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