Annual income tax filing is easier when records are in order before the deadline approaches. We help businesses in Tanzania understand what is needed for a return of income, review the available information and prepare for the applicable TRA filing process.
What goes into an annual return of income?
The return is based on the taxpayer’s circumstances, the relevant reporting period and the applicable income tax rules. Depending on the business, preparing it can involve reviewing financial statements, income and expense records, tax adjustments, previous filings and supporting schedules.
How we can assist
- Confirm the relevant taxpayer details, period and filing requirements.
- Review available accounts, records and prior information.
- Identify missing documentation or figures that need clarification.
- Prepare or support the preparation of the return and accompanying information.
- Explain the submission process and help clients retain a record of the filing.
Start before the filing deadline
Filing rules and due dates depend on the taxpayer and the applicable period. We check the current requirements for the engagement instead of relying on an old published deadline. Contact us early if your records are not reconciled or if you are uncertain whether a return is outstanding.
BRELA annual returns are different
A company’s annual return to BRELA and its return of income to TRA serve different purposes. Filing one does not automatically satisfy the other. If you also need help with company particulars or corporate filings, see company changes and updates.
Common questions
Can I file a return if the company made a loss?
A loss does not necessarily remove a filing obligation. Requirements should be considered against the company’s registration, tax status and applicable law.
Do I need completed accounts before filing?
Accurate financial information is important. We assess what accounts and supporting schedules are needed for your particular return. Our financial statement preparation service may help.
Can you assist with overdue returns?
We can review the periods involved and help establish the relevant filing steps. Potential penalties or other consequences depend on the individual case.
Confirm current forms and requirements through the Tanzania Revenue Authority.