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The Tanzania Revenue Authority (TRA) requires taxpayers in Tanzania to file their "return of income" each year before the 30th of June. The return of income is a document that taxpayers must submit to the tax authority, providing details about their income, deductions, and taxes owed for the specific financial year.
The Tanzania Revenue Authority (TRA) is a semi-autonomous Government Agency of the United Republic of Tanzania. It was established by the Tanzania Revenue Authority Act, CAP. 339 [2] in 1995 and started its operations on the 1st of July 1996. It is headed by the Commissioner General.
Tax withholding, also known as tax retention, pay-as-you-earn tax or tax deduction at source, is income tax paid to the government by the payer of the income rather than by the recipient of the income. The tax is thus withheld or deducted from the income due to the recipient.
Such levies are generally referred to as withholding taxes. These requirements are induced because of potential difficulties in collection of the tax from nonresidents. Withholding taxes are often imposed at rates differing from the prevailing income tax rates. [202] Further, the rate of withholding may vary by type of income or type of recipient.
English: An Act to make provision for modifying the law in consequence of the union of Tanganyika and Zanzibar to form the United Republic of Tanganyika and Zanzibar as a republic within the Commonwealth and the subsequent adoption by that republic of the name of Tanzania; to make provision as to the operation of the Colonial and Other Territories (Divorce Jurisdiction) Acts 1926 to 1950 in ...
The Institute of Finance Management (IFM) is a public Institute in Tanzania established in 1972. [ 1 ] [ 2 ] [ 3 ] It stands as the oldest higher learning financial institution in Tanzania. The institute has been involved in teaching, research, and consultancy.