We are tax specialists and our people own the right taxation skills and are registered tax consultants with the Tanzania Revenue Authority (TRA). Our in-depth knowledge of the tax laws in Tanzania gives our clients advantage by way of having total confidence in all taxation matters.
Ark Associates Limited is properly licensed and registered to provide consultancy services. Ark has all the necessary skills to deliver its unique promise to clients.
We build trust in our community and confidence in our client businesses
We invest in developing our people, who we believe to be our success
We conduct our business in the best interest of our shareholders
We are catalyst for changes through giving back to our community
Corporate tax – Handling corporate tax compliance matters including preparation and filing of corporate income tax returns and Statements of Estimated Tax Payable (SETP).
Preparation of tax provisions (current and deferred taxes) for purposes of financial statements reporting. At this stage, we are keen to highlight any tax exposures as a result of TRA tax audits and assessments.
We provide monthly payroll tax services such as preparation of PAYE, Skills and Development Levy (SDL), Workers Compensation Fund (WCF), social security contributions including advising our clients on amounts due and payable to the TRA and other statutory funds.
From initial registration for VAT and related advice to monthly compliance. We also do VAT refund audits and provide certificates of genuineness for purposes claiming VAT refunds.
We assist in computing and payment of stamp duty on various instruments; other levies such as city service levy, advertisement levy – all payable to municipal councils.
Our services include advising on all areas of taxation such as corporate income tax, payroll taxes, VAT, WHT, duties and levies, etc. We also advise our clients on any tax implications associated with planned transaction or investments in Tanzania.
Given the legal requirement for companies with related party transactions to have a local transfer pricing documentation, we prepare such documentation upon conduct of relevant benchmarking studies.
We assist new businesses to register with the registrar of companies, obtain business licences, visas for expatriates, register with regulators, professional bodies, TRA, filing of annual returns with BRELA, etc.
Attending at meetings with TRA to finalise tax audits, assessments and handling the whole objection and other dispute resolution procedures. We also assist our clients to prepare intentions to appeal, statements of appeals as well as attendance at appeals (as expert witnesses). Correspondence with the TRA are always time bound, we provide the highest priority on matters relating to TRA correspondence based on our understanding that failure to comply leads to serious repercussions to our clients.
We provide tailored tax training solutions with main focus on empowering finance teams at our clients’ on taxation matters.
The aim of tax health check reviews is to check general tax compliance focusing on areas of interest by the TRA in order to provide assurance or identify areas of potential risks and provide appropriate recommendations.
Ark Associates, and its affiliates provide a comprehensive network of financial business solutions to esteemed customers. Ark combines the professional touch of its affiliates and associates to provide advice on business strategy, financing, mergers and acquisitions, valuation services, due diligence, contract assistance, negotiation support, receivership, business revitalization, independent insolvency reviews, financial and operating remodelling. Our financial advisory acumen empowers clients to grow their businesses and build deeper business relationships.
Ark compiles clients accounting information to the extent of preparing financial statements
Access our most recent tax alerts and publications.
We understand that the critical success factors in any engagement is a strong team. Our approach leverages the use of subject matter experts with deep subject area insight and a core team of solid, broadly experienced individuals who are focused and committed to deliver to your needs.
“I am absolutely delighted with your service. It is really refreshing to work with a financial adviser who is truly interested in their client’s needs, circumstances and preferences.”
“Thank you to you and everyone who formulated our advice. It’s so comprehensive, it just reaffirms our complete faith in you. Thanks again for everything. It’s always a pleasure.”
Through audit, accounting and tax assignments, our people have worked with various clients to cover accounting, tax compliance and tax consulting services. These clients include those in various sectors such as telecommunication, manufacturing, mining, financial services, construction, oil and gas, etc. We also have worked with multinationals based on our in-depth understanding of international taxation aspects.
What we offer and why we’re different
Read or download our corporate profile for more information about who we are and how we work with clients to look after their financial past, present & future.