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Tanzania
Overview
Last reviewed - 26 September 2024Tanzania is a country in East Africa bordered by Kenya and Uganda to the north; Rwanda, Burundi, and the Democratic Republic of the Congo to the west; Zambia, Malawi, and Mozambique to the south; and the Indian Ocean to the east. The United Republic of Tanzania came into being in 1964 following the union of the Republic of Tanganyika (formed in 1961) and Zanzibar. Its official languages are Kiswahili and English. Dodoma is the national capital of Tanzania, and the Tanzanian shilling (TZS) is the official currency.
Tanzania's major export industries include agriculture, mining, and tourism. A significant proportion of the population are employed in agriculture. Longer term, Tanzania’s significant gas reserves are expected to generate significant export earnings. Other significant sectors of the economy include construction, financial services, manufacturing, telecommunications, and utilities.
PwC is the largest tax practice in Tanzania. Our focus is tax strategy, planning, and compliance. PwC Tanzania professionals develop and deliver tax solutions across a diverse range of industries.
Quick rates and dates
| Corporate income tax (CIT) rates | |
|---|---|
| Headline CIT rate (%) |
30 |
| Corporate income tax (CIT) due dates | |
|---|---|
| CIT return due date |
In general: Within six months from the end of the accounting period. Public sector entities: Within nine months from the end of the accounting period. |
| CIT final payment due date |
In general: Within six months from the end of the accounting period. Public sector entities: Within nine months from the end of the accounting period. |
| CIT estimated payment due dates |
Four equal instalments to be paid not later than three months, six months, nine months, and 12 months from the beginning of the accounting period. |
| Personal income tax (PIT) rates | |
|---|---|
| Headline PIT rate (%) |
Residents: 30; Non-residents employment income only: 15; Non-residents total income: 30 |
| Personal income tax (PIT) due dates | |
|---|---|
| PIT return due date |
Within six months of the end of the year of income. |
| PIT final payment due date |
Within six months of the end of the year of income. |
| PIT estimated payment due dates |
Quarterly instalments (at the end of the third, sixth, ninth, and 12th months of the year of income). |
| Value-added tax (VAT) rates | |
|---|---|
| Standard VAT rate (%) |
Tanzania Mainland: 18; Tanzania Zanzibar: 18% for banking, postal and telecommunication services; 15% for all other supplies |
| Withholding tax (WHT) rates | |
|---|---|
| WHT rates (%) (Dividends/Interest/Royalties) |
Resident: 5 or 10 / 10 / 15 Non-resident: 5 or 10 / 10 / 15 |
| Capital gains tax (CGT) rates | |
|---|---|
| Headline corporate capital gains tax rate (%) |
Capital gains are subject to the normal CIT rate. |
| Headline individual capital gains tax rate (%) |
Residents: 10/3 (the 3% rate is applicable on sale of land or building where no records of costs are available, and it is charged on consideration); Non-residents: 30; Sale of mineral or petroleum rights: 30 |
| Net wealth/worth tax rates | |
|---|---|
| Headline net wealth/worth tax rate (%) |
NA |
| Inheritance and gift tax rates | |
|---|---|
| Headline inheritance tax rate (%) |
NA |
| Headline gift tax rate (%) |
NA |
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