21/11/2014
1. INCOME AND COMPANY TAX
Income and Company Tax for Individuals, Partnerships, Close Corporations, Private Companies, Trusts and Non-Profit Organizations.
We provide Tax Related Services for the following types of entities
Individuals
All individuals earning the following types of income:
• Salary, Taxable Allowance and Taxable Fringe Benefits;
• Rental Income from one or more Investment Property;
• Local as well as foreign interest and dividends received from an investment portfolio;
• Capital gain made from the sale of one or more fixed property (including primary residence);
• Pension, provident and retirement fund lump sum benefits received;
• Pensioners;
• Sole Proprietor Businesses;
Partnerships
• Personal Income Tax for each of the partners of the partnership, including a personal balance sheet;
Close Corporations
Submission of the annual Close Corporation Tax return to the Tanzania Revenue Authority (TRA)
Private Companies
Submission of the annual Private Company Tax return to the Tanzania Revenue Authority (TRA) accompanied by the Annual Financial Statement for the particular private company.
Trusts
• Submission of the annual Trust Income Tax return to the Tanzania Revenue Authority (TRA)accompanied by the Annual Financial Statements for the particular Trust.
Non-Profit Organizations
• Submission of the annual tax return to the Tanzania Revenue Authority (TRA) accompanied by the Annual Financial Statements for the particular Non-Profit Organization.
2. BOOKKEEPING
Need us to Assist you with Bookkeeping Services?
We perform bookkeeping services for the following business entities from monthly bank statements, cheques issued, tax and/or normal invoices, receipts, cash slips as well as monthly income and expenses summaries received:
• Sole Proprietors;
• Partnerships;
• Close Corporations
• Private Companies
• Trusts;
• Non-Profit Organizations.
3. ANNUAL FINANCIAL STATEMENTS AND MANAGEMENT STATEMENTS
Need us to Assist you with your annual financial and management statements?
We prepare Annual Financial Statements as well as Management Statement for the following business entities, which consist of the Statement of Financial Position (Balance Sheet), Statement of Comprehensive Income (Income Statement), Cashflow Statement, Notes to the Annual Financial Statements and the Tax Calculation:
• Sole Proprietors;
• Partnerships;
• Close Corporations
• Private Companies
• Trusts;
• Non-Profit Organizations.
4. STATUTORY REGISTRATIONS
Need us to Assist you with your statutory Registrations?
We assist entities with the following Statutory Registrations
• Personal Income Tax Registration
• Company Tax Registration
• Value-Added Tax (VAT) Registration
• Employees Tax Registration - PAYE, Unemployment Insurance Fund (UIF) and Skills Development Levy (SDL);
• Registration as employer with the Office of the Compensation Commissioner
• Registration as employer as well as the registration of each employee with the Unemployment Insurance Fund (UIF) office.
5. SUBMISSION OF STATUTORY RETURNS
Need us to Assist you with your statutory Returns?
We assist business entities to submit the following statutory returns
• Monthly, Bi-monthly and Six-monthly VAT returns to the Tanzania Revenue Authority (TRA)Monthly Employees Tax (PAYE, UIF and SDL) returns to TRA
• Half yearly Provisional Tax returns to TRA
• UI-19 returns to update the employees with the Unemployment Insurance Fund (UIF) office;
• Half yearly Employees Tax Reconciliations
• Annual Return of Earnings to the Office of the Compensation Commissioner
• Annual return for Close Corporations as well as Private Companies to the Companies and Intellectual Property Commission (CIPC);
• Providing confirmation letters of annual turnover for Broad-Based Black Economic.
6. REGISTRATION OF PRIVATE COMPANIES
Need to Register a Private Company?
We register Private Companies with the Companies and Intellectual Property Commission (CIPC) under the Companies Act of URT
We are appointed as the Independent Reviewer for each of the Private Companies which get registered.
We assist in any changes that need to be made to the directors, shareholders, registered address and postal address of the private company. We also assist in the changing of the registered name of the private company
7. REGISTRATION AND ADVISING OF TRUSTS
Need advice with a Trust or Register one?
We assist with the registration of Trusts with the Master of the High Court
We also advise on the structuring of Trusts for tax as well as estate planning purposes.
8. TAX CLEARANCE CERTIFICATES AND LETTERS OF GOOD STANDING
Need a TAX clearance certificate or letter of good standing?
We assist in applying and obtaining Tax Clearance Certificates from the Tanzania Revenue Authority (TRA) as well as Letters of Good Standing from the Office of the Compensation Commissioner and from the Unemployment Insurance Fund (UIF) office.
