There is an assumption that Non-Governmental Organizations (NGOs) are tax free entities due to their nature of work. NGOs are known to promote righteous causes to targeted groups in the community.
NGO’S REGULATORY UPDATE: COMPULSORY REQUIREMENT TO SUBMIT ANNUAL ACTIVITIES AND FINANCIAL REPORTS BY NGOS REGISTERED UNDER THE NON-GOVERNMENTAL ORGANIZATION ACT, 2002 BY 15TH APRIL 2021
All Non-Governmental Organizations are required to prepare and submit their Annual activities and financial reports to the office of the Registrar of Non-Governmental Organizations. The process to submit annual activities and financial reports. Consequences of failure to submit reports on time. 1.0 Introduction All Non-Governmental Organizations (NGOs) in Tanzania are required by the law to […]
TAX LAW AND NGO’S PRACTICE UPDATE: THE TAX REVENUE APPEALS BOARD HOLDS THAT NOT FOR PROFIT ORGANIZATION IS EXEMPTED FROM TAX WHEN THERE IS AN AGREEMENT FOR EXEMPTION OF TAXES WITH THE GOVERNMENT OF TANZANIA
An agreement between the taxpayer and the government for purposes of tax exemption bind the TRA. Employees of Organizations covered by the bilateral treaty between the United States of America and the United Republic of Tanzania on Economic and Technical Cooperation are exempted from PAYE. Employers who are Non Profitable Organizations are exempted from Skills […]
TAX AND CORPORATE LAW UPDATE: INTRODUCTION OF ELECTRONIC FILING (e-Filing) OF TAX RETURNS IN TANZANIA BY THE TANZANIA REVENUE AUTHORITY (TRA)
The Tax Revenue Authority (TRA) has transitioned its tax returns filing system from the manual filing system to the new electronic filing system The process of filing tax returns electronically. Consequences of failure to electronically file the returns on time. 1.0 Introduction The Tax Revenue Authority (TRA) in Tanzania has issued directives regarding its newly […]