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Tanzania Individual Income Tax Rates with effect from 1/7/2012

31 Jul
Resident Individual Income Tax Rates with effect  from 1/7/2012 as per Finance Bill of 2012
Monthly Income Tax Rate
Where total income does not exceed shs 170,000/= NIL
Where total income exceeds shs 170,000/= but does not exceed 360,000/= 14% of the amount in excess of shs 170,000/=
Where total income exceeds shs. 360,000/= but does not exceed 540,000/= 26,600/= plus 20% of the amount in excess of shs 360,000/=
Where total income exceeds 540,000/= but does not exceed 720,000/= Shs 62,600/= plus 25% of the amount in excess of shs 540,000/=
Where total income exceeds shs 720,000/=

Shs 107,600/= plus 30% of the amount in excess of shs 720,000/=

1.      The monthly income include basic salary, overtime, bonus, commission, allowances e.g. house allowance or transport allowance  and benefits in kind received in lieu of employment but after deducting the contribution to the approved retirement Fund (NSSF or PPF)      2. Threshold per annum: Income Shs 2,040,000 /=       3. Rates applicable to Zanzibar: The Minister may in consultation with the Minister responsible for finance of the Revolutionary Government of Zanzibar, determine the rates applicable in Tanzania Zanzibar 

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6 Comments

Posted by on July 31, 2012 in Finance,Taxation and Investment

 

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6 responses to “Tanzania Individual Income Tax Rates with effect from 1/7/2012

  1. dastaninnocent

    August 2, 2013 at 3:27 pm

    WHAT ABOUT TAX TABLE FOR INDIVINDIALS IN 2013/14

     
    • monfinance

      August 8, 2013 at 8:02 am

      Hi. Thanks for a comment. I was swamped. Current year Tax Table coming up today

       
  2. shauna

    November 8, 2013 at 2:56 pm

    Please post the current tax table for busineses applicable in Tanzania.

     
  3. hussein

    August 6, 2014 at 10:45 am

    Thanks mon..ts good sharing what you understand with others,

     
  4. Edwin

    April 16, 2015 at 11:23 pm

    Great stuff, I just discovered this amazing income tax for mainland Tanzania

     

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