According to Section 91(1) of the Income Tax Act, 2004, as well as Section 39 and 48 of the Tax Administration Act, 2015, every registered company, partnership business and sole proprietorship business with annual turnover of at least TZS 100 million are required to prepare and submit an income tax return for the year 2024 to the Commissioner General within a period not exceeding six months after the end of the financial year.
In the context of this legal requirement, if your business financial year runs from January to December, you are required to submit your income tax return on or before 30th June 2025.
Even if your company did not engage in any business activity during the year 2024, you are still required to submit a return with a 'nil return' by 30th June 2025.
However, under Section 78(1) of the Tax Administration Act, 2015, if you submit your income tax return after 30th June 2025, you will be liable to a penalty of TZS 300,000 for each month which the failure continues.
Avoid paying unnecessary penalties by filing your income tax return before the due date.
HALA Consultants
Certified Public Accountants
NSSF Hifadhi House
Azikiwe Street/Samora Avenue
Dar es Salaam, Tanzania
Contacts:
[email protected]
0752 187 434
In the context of this legal requirement, if your business financial year runs from January to December, you are required to submit your income tax return on or before 30th June 2025.
Even if your company did not engage in any business activity during the year 2024, you are still required to submit a return with a 'nil return' by 30th June 2025.
However, under Section 78(1) of the Tax Administration Act, 2015, if you submit your income tax return after 30th June 2025, you will be liable to a penalty of TZS 300,000 for each month which the failure continues.
Avoid paying unnecessary penalties by filing your income tax return before the due date.
HALA Consultants
Certified Public Accountants
NSSF Hifadhi House
Azikiwe Street/Samora Avenue
Dar es Salaam, Tanzania
Contacts:
[email protected]
0752 187 434