Tax Alert

Deadline to file semi-annual returns for the 6 months period from July to December 2017 is due on or before 30 January 2018

This alert functions as a reminder that 30 January 2018 is the due date to file all semi-annual returns for the 6 months period from  July 2017 to December 2017.

The relevant semi-annual returns are

  • Employment tax returns, namely PAYE and SDL (Skills
    and Development Levy), and
  • Withholding tax returns.
Punitive penalties

You should be aware that the maximum penalty for late filing of semi-annual returns is quite punitive. The computational basis of the penalty is not necessarily the balance of any tax due to TRA but on the tax amount appearing on each return. It is also important to be aware that the penalty is computed for each month or part of the month delayed (e.g. one is considered to have filed the semi-annual return late if filed on 31 January 2018). Bearing this in mind, we really encourage you to comply with this requirement to avoid noncompliance costs.

Ark would be happy to provide any assistance or support that you may require on this compliance aspect. In case you require our assistance, kindly revert no later than 15 January 2018 for us to have sufficient time to work on your returns.

Otherwise we believe this alert is informative and helpful to you.

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ARK CONTACTS

John Shimbala, Director
Mobile: +255 766 798 508
Email: jshimbala@ark.co.tz

Godfrey Temba, Director
Phone: +255 767 810 970
Email: gtemba@ark.co.tz

Ark Associates Limited
369, Toure Drive
Oysterbay P O Box 23197
Dar es salaam, Tanzania
Tel +255 2222 96800

Email: info@ark.co.tz

This publication is intended to provide you with a general compliance guide and does not constitute a professional tax advice. Do contact us in case of any questions requiring a formal advice or position of the law.

© 2018 ark. All Rights Reserved.

Ark is an association ark partners and associates. The entities have since 17 May 2016 been providing professional taxation, accounting, company administration, audit and assurance services.

The current Directors in office are:
John Shimbala and Godfrey Temba.

For more information please visit us at www.ark.co.tz