Tanzania overview
- African Union member country
- Tanzanian shilling (TZS) currency
- Legal system is based on English Common law
- Presidential democratic country
- Politically stable country
- Double taxation agreements currently with 9 countries
- English and Swahili speaking
Reasons for doing business in Tanzania
Losses may be carried forward indefinitely, however ringfenced
10 years corporate tax holiday for Export Processing Zones (EPZs) and Special Economic Zones (SEZs) enterprises
Accounting period for corporate tax purposes is the calendar year, but companies may apply for own accounting period
More advantages
- Corporate income tax (CIT) rate of 30%
- Dividend withholding tax of 10% or 5%
- Special benefits for businesses in Export Processing Zones (EPZs) and Special Economic Zones (SEZs) e.g. withholding tax holiday
- No inheritance, gift tax
- No wealth tax
Company formation in Tanzania
Do you need to establish a company in Tanzania? Then to administer it?
Are you looking for a reliable lawyer or accountant in Tanzania?
Do you want to structure your international business in a correct way?
You do not know yet what do you need?
Well, contact us at any time, we are ready to help you to find a workable solution for your specific needs.
Our strength and added value is our vast 20+ years expertise in taxes and tax laws of different countries where we set up companies for our clients.
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