Consultant_Silwano
Member
- May 22, 2017
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In Tanzania, the Income Tax Act governs the taxation of income, including the filing of tax returns. The specific section that deals with the return of income is Section 91 of the Income Tax Act, R.E 2023 (as amended). This section outlines the requirements, procedures, and timelines for filing income tax returns.
Key Provisions of Section 91:
1.Requirement to File a Return of income:
a). Every taxpayer who derives income under an entity or Business which meet qualification as per income tax act is required to file a return of income for each year of income.
b). This applies to individuals, companies, partnerships, trusts, and other entities as specified under the Act.
2.Form and Manner of Filing:
a). The return must be filed in the prescribed form and manner as specified by the Tanzania Revenue Authority (TRA) which is since 2020. The Electronic taxpayer service portal was introduced and is mandatory to file all the return through e-filing system as well as return of income.
3.Due date for Filing:
a). The return of income must be submitted within six months after the end of the year of income. For example, if the year of income ends on December 31st, the return must be filed on or before June 30th of the following year.
4.Additional Requirements:
a).The return must include all necessary supporting documents, such as filled return of income form and financial statements as it required by TRA system (Electronic taxpayer service portal).
b). Taxpayers must ensure that the information provided is accurate and complete.
c). A taxpayer can be requested other information required by the Commissioner General of the Tanzania Revenue Authority (TRA).
5.Penalties for Non-Compliance:
a). Failure to file a return of income by the due date may result in penalties and interest as prescribed under the Act.
b). The Commissioner General may also estimate the taxpayer's income and issue an assessment if a return is not filed (Jeopardy assessment).
6.Amended Returns:
a). If a taxpayer discovers an error or omission in a filed return, they may file an amended return to correct the mistake, subject to the approval of the Commissioner General.
Practical Application in Tanzania:
•The Tanzania Revenue Authority (TRA) is responsible for administering the Income Tax Act and ensuring compliance with filing requirements.
•Taxpayers are mandatory to use the TRA Electronic taxpayer service portal for filing returns and making payments.
Contact
For further advice on the preparation, filing and submission of financial reports and return of income (ROI) for all business and companies, contact us via:
📞 Phone: 0712685025 / 0783262125
📧 Email: momsconsultingltd@gmail.com
#Professional guidance for the growth, safety, and successful business.
Key Provisions of Section 91:
1.Requirement to File a Return of income:
a). Every taxpayer who derives income under an entity or Business which meet qualification as per income tax act is required to file a return of income for each year of income.
b). This applies to individuals, companies, partnerships, trusts, and other entities as specified under the Act.
2.Form and Manner of Filing:
a). The return must be filed in the prescribed form and manner as specified by the Tanzania Revenue Authority (TRA) which is since 2020. The Electronic taxpayer service portal was introduced and is mandatory to file all the return through e-filing system as well as return of income.
3.Due date for Filing:
a). The return of income must be submitted within six months after the end of the year of income. For example, if the year of income ends on December 31st, the return must be filed on or before June 30th of the following year.
4.Additional Requirements:
a).The return must include all necessary supporting documents, such as filled return of income form and financial statements as it required by TRA system (Electronic taxpayer service portal).
b). Taxpayers must ensure that the information provided is accurate and complete.
c). A taxpayer can be requested other information required by the Commissioner General of the Tanzania Revenue Authority (TRA).
5.Penalties for Non-Compliance:
a). Failure to file a return of income by the due date may result in penalties and interest as prescribed under the Act.
b). The Commissioner General may also estimate the taxpayer's income and issue an assessment if a return is not filed (Jeopardy assessment).
6.Amended Returns:
a). If a taxpayer discovers an error or omission in a filed return, they may file an amended return to correct the mistake, subject to the approval of the Commissioner General.
Practical Application in Tanzania:
•The Tanzania Revenue Authority (TRA) is responsible for administering the Income Tax Act and ensuring compliance with filing requirements.
•Taxpayers are mandatory to use the TRA Electronic taxpayer service portal for filing returns and making payments.
Contact
For further advice on the preparation, filing and submission of financial reports and return of income (ROI) for all business and companies, contact us via:
📞 Phone: 0712685025 / 0783262125
📧 Email: momsconsultingltd@gmail.com
#Professional guidance for the growth, safety, and successful business.
