TRA Tax Assessment and returns

stepper · Nov 8, 2013

Habari wana jamvi. Naomba msaada wenye ujuzi kuhusu malipo yaincome tax . All details are as follows: Company income per month is Tshs 6m . Expenses like rent and other is 1m . Salaries bill is 3,4m. Profit per month is 1,6m . How much is tax payable per quarter year and where do I get these tax returns forms. Company is registered has TIN number and licence and will start operating Dec 01 2013. Your contribution will be highly appreciated.

Sent from my BlackBerry 9320 using JamiiForums

mabwepand · Nov 8, 2013

Mkuu chukua hiyo 1.6M zidisha kwa miezi 12 kwanza then kwa asimilia 30 unapata kama 5.76M gawanya kwa nne upate kila quarter unatakiwa upeleke kiasi gani sawa na Tzs 1.44 kwa kila quarter na ww kwa ulinganifu quarter yako deadline zake ni kama ifuatavyo febr 28,May 31,Aug 31 na Nov 30,fomu ingia kwa website ya tra ucheki sehemu wameandika forms then unadownload mkuu wangu hapo unapeleka tra wanapiga muhuri plus cheque ya malipo kaka kwisha au nenda ofisi kwao wanatoa hizo form ni bure.

Mtangoo · Nov 8, 2013

Note: Only Profit is taxed. :bored:

stepper · Nov 8, 2013

mabwepand said:
Mkuu chukua hiyo 1.6M zidisha kwa miezi 12 kwanza then kwa asimilia 30 unapata kama 5.76M gawanya kwa nne upate kila quarter unatakiwa upeleke kiasi gani sawa na Tzs 1.44 kwa kila quarter na ww kwa ulinganifu quarter yako deadline zake ni kama ifuatavyo febr 28,May 31,Aug 31 na Nov 30,fomu ingia kwa website ya tra ucheki sehemu wameandika forms then unadownload mkuu wangu hapo unapeleka tra wanapiga muhuri plus cheque ya malipo kaka kwisha au nenda ofisi kwao wanatoa hizo form ni bure.

Hapo umemaliza kila kitu nakushukuru sana

Sent from my BlackBerry 9320 using JamiiForums

up-grader · Nov 8, 2013

mkuu mabwepand amaiweka vizuri sana, kwa income tax hapo umemaliza.
hiyo ni ukitaka kulipa kodi yote,.......... ukitaka kuwa tax efficient kwa kupanga namna unavyofanya matumizi yako (tax planning), ni PM tuone kama kuna namna waweza fanya.

finacial reporting should balance between credit worthness-kukopesheka and tax efficiency. ukitaka ukopesheke kirahisi utalazimika kureport mapato makubwa hii itakukost kwenye tax,.... upande mwingine ukitaka usave kulipa kodi utalazimika kuonyesha net profit kidogo, na hii kwa wakopeshaji itakusumbua, utapata mkopo mdogo au kwa interest kubwa. maamuzi tunayo wenyewe

MTAZAMO · Nov 8, 2013

Stefano Mtangoo said:
Note: Only Profit is taxed. :bored:

Not Profit Chief Only Taxable Profit is taxed! 😛oa

Mtangoo · Nov 8, 2013

MTAZAMO said:
Not Profit Chief Only Taxable Profit is taxed! 😛oa

What profit is not taxable in taxing country? :bored:

MTAZAMO · Nov 8, 2013

stepper said:
Hapo umemaliza kila kitu nakushukuru sana

Sent from my BlackBerry 9320 using JamiiForums

Huo ni mwanga tu mkuu wangu ni vizuri kutafuta mtu mwenye ujuzi mzuri wa kodi (tax consultant) awe anakushauri.Kodi ina mambo mengi sana ndio maana nikwambia mdau mmoja hapo juu kuwa kodi haikatwi kwenye Profit bali Taxable Profit ili ujue kama biashara yako ni potential kidogo usione tabu kumlipa mtu kidogo akakusaidia kupunguza gharama kubwa za kodi baadae.

MTAZAMO · Nov 8, 2013

Stefano Mtangoo said:
What profit is not taxable in taxing country? :bored:

Accounting Profit is not Taxable Profit chief :A S 39:

Mtangoo · Nov 8, 2013

MTAZAMO said:
Huo ni mwanga tu mkuu wangu ni vizuri kutafuta mtu mwenye ujuzi mzuri wa kodi (tax consultant) awe anakushauri.Kodi ina mambo mengi sana ndio maana nikwambia mdau mmoja hapo juu kuwa kodi haikatwi kwenye Profit bali Taxable Profit ili ujue kama biashara yako ni potential kidogo usione tabu kumlipa mtu kidogo akakusaidia kupunguza gharama kubwa za kodi baadae.

You look like the right one...are you shy to say so Lol 🙂

Mtangoo · Nov 8, 2013

MTAZAMO said:
Accounting Profit is not Taxable Profit chief :A S 39:

Am not an accountant nor Tax consultant so, in this arena... You win hands down 😎

lugendosisty · Nov 8, 2013

Mkuu MTAZAMO kile ulichonena kimereflect ID yako. Umetoa ushauri sahihi kwa mdau hapo juu,nami namwomba afanye hivyo. Kwa lolote anaweza ni PM niko tayari kumsaidia.

MTAZAMO · Nov 8, 2013

Stefano Mtangoo said:
You look like the right one...are you shy to say so Lol 🙂

Stefano Mtangoo kamata fursa twenzetu!

MTAZAMO · Nov 8, 2013

lugendosisty said:
Mkuu MTAZAMO kile ulichonena kimereflect ID yako. Umetoa ushauri sahihi kwa mdau hapo juu,nami namwomba afanye hivyo. Kwa lolote anaweza ni PM niko tayari kumsaidia.

Yes, mwanzisha mada tax consultant hawa hapa!

Mtangoo · Nov 8, 2013

lugendosisty said:
Mkuu MTAZAMO kile ulichonena kimereflect ID yako. Umetoa ushauri sahihi kwa mdau hapo juu,nami namwomba afanye hivyo. Kwa lolote anaweza ni PM niko tayari kumsaidia.

MTAZAMO said:
Stefano Mtangoo kama fursa twenzetu!

Haya stepper kazi ni kwako.... wataalam haoo 🙂
Ila uwapige interview kwanza 🙂
MTAZAMO mi nitakutafuta nikiwa na haya mambo ila cha kwanza nitataka nijue kwa nini unadhani ninapaswa nikutafute 🙂

MTAZAMO · Nov 8, 2013

Stefano Mtangoo said:
Am not an accountant nor Tax consultant so, in this arena... You win hands down 😎

Hapana Chief hii ndio kazi ya JF kujadiliana na kufikia muafaka murua.

MTAZAMO · Nov 8, 2013

Stefano Mtangoo said:
Haya stepper kazi ni kwako.... wataalam haoo 🙂
Ila uwapige interview kwanza 🙂
MTAZAMO mi nitakutafuta nikiwa na haya mambo ila cha kwanza nitataka nijue kwa nini unadhani ninapaswa nikutafute 🙂

Usihangaike Chief, nashukuru kwa fursa lakini siku hizi nimeamua kuwa mkulima on full time basis :twitch:

Mtangoo · Nov 8, 2013

MTAZAMO said:
Usihangaike Chief, nashukuru kwa fursa lakini siku hizi nimeamua kuwa mkulima on full time basis :twitch:

Hahahaa! Ujuzi hauozi aisee! :welcome:

Malyenge · Nov 8, 2013

stepper said:
Habari wana jamvi. Naomba msaada wenye ujuzi kuhusu malipo yaincome tax . All details are as follows: Company income per month is Tshs 6m . Expenses like rent and other is 1m . Salaries bill is 3,4m. Profit per month is 1,6m . How much is tax payable per quarter year and where do I get these tax returns forms. Company is registered has TIN number and licence and will start operating Dec 01 2013. Your contribution will be highly appreciated.

Sent from my BlackBerry 9320 using JamiiForums

Simple analysis: Profit per 3 months =4.8m: Corporation tax thereof (for these 3 months) 30%*4.8m=1.44m Hence multiplying this by 4 you get yearly tax to be paid which will be 5.76m. But this is paid in March, June, September and December (refer section 88(2)of the income tax act 2004). For your case, you will pay in the following order March1.44m, June 1.44m September1.44m December 1.44m making a total of 5.76m

Refer section 89(2)(a)(i) read with 1st schedule paragraph 3(1) and section 89(3)of the income tax act 2004.

Show me how to attach the forms here, you will get within a minute!!!

stepper · Nov 8, 2013

Malyenge said:
Simple analysis: Profit per 3 months =4.8m: Corporation tax thereof (for these 3 months) 30%*4.8m=1.44m Hence multiplying this by 4 you get yearly tax to be paid which will be 5.76m. But this is paid in March, June, September and December (refer section 88(2)of the income tax act 2004). For your case, you will pay in the following order March1.44m, June 1.44m September1.44m December 1.44m making a total of 5.76m

Refer section 89(2)(a)(i) read with 1st schedule paragraph 3(1) and section 89(3)of the income tax act 2004.

Show me how to attach the forms here, you will get within a minute!!!

Got your point mkuu thank you so much.

Sent from my BlackBerry 9320 using JamiiForums

TRA Tax Assessment and returns

Senior Member

Member

JF-Expert Member

Senior Member

Member

JF-Expert Member

JF-Expert Member

JF-Expert Member

JF-Expert Member

JF-Expert Member

JF-Expert Member

JF-Expert Member

JF-Expert Member

JF-Expert Member

JF-Expert Member

JF-Expert Member

JF-Expert Member

JF-Expert Member

JF-Expert Member

Senior Member