Introduction
Regulatory Risks are amongst Top 3 Business Risks globally as there are multiple laws (Central, State Municipal level) applicable which are changing frequently, are difficult to comprehend, involves multiple stakeholders (internal / external) to manage.
Compliance Management needs a thorough planning and holistic approach to ensure all obligations under applicable laws, assigned and monitored. Lawrbit Global Compliance Management Solution helps Board to effectively control Regulatory Risks through its well Researched constantly updated Regulatory Intelligence, effective workflows and intuitive reports dashboards across 70+ Countries.
Tanzania Compliance Calendar is created with joints efforts from Baker Tilly, Tanzania, and Lawrbit's Global Regulatory Compliance team to provide a handy guide for all Compliance Officers, CFOs, Legal Heads, to have a holistic view of compliance filing dates across various applicable laws. The first version covers major laws across Secretarial, Taxations, Exchange Control, Social Security, HR Labour Laws and provides dates specified by various Regulatory Authority.
Our endeavour will be to continue adding more laws in our Compliance Calendar update it at regular frequency. You must check our website frequently to look for the updated versions of the calendar.
TANZANIA REVENUE AUTHORITY
| S. NO | PARTICULAR | COMPLIANCE DESCRIPTION | FREQUENCY | FILING DATES |
|---|---|---|---|---|
| INCOME TAX ACT, 2019 (https://t.ly/KYq8) | ||||
| 1 | Form - Statements and Payments of Taxes withheld for other Payments | Payment of Withheld Tax | Monthly | Within 7 days after the end of each Calendar Month |
| 2 | Form - Withholding Tax Statement | Monthly Filing of Statement of Tax withheld | Monthly | Within Seven Days of the Month Following the Month to Which the Tax Relates |
| 3 | Form - Withholding Tax Certificate | Monthly Preparation and Serving of Withholding Certificate | Monthly | Within Thirty Days after the End of every Month |
| 4 | Form/Formats | Payment of Quarterly Income Tax Instalment in Case of Calendar Year | Quarterly | On or Before the Last Day of the Third, Sixth, Ninth and Twelfth months of the year of income |
| 5 | Form - Return of Income for Entity | Filing of Annual Return of Income in Case of Calendar Year | Annually | Not later than six months after the end of each year of income |
| 6 | Form - Withholding Tax Certificate | Annual Preparation and Serving of Withholding Certificate | Annually | By 30th January after the end of the year |
| 7 | Form - Statement of Estimate or Revised Estimate by Entity | Filing of Annual Statement of Estimated Tax Payable for Resident Installment Payer | Annually | By the end of September of every year of income |
| 8 | Form No 3 (Income Tax Electronic Services Return) | Filing Return and Payment of Tax by Non-Resident Provider of Electronic Service | Monthly | On or Before the Seventh Day of the Month Following the Month to which such payment relates |
| 9 | Form - Extension for Filing of Return of Income | Application for the Extension of Time to file Income Tax Return for Calendar Year | Annually | Fifteen Days Before the Due Date for Filing the Return |
| 10 | Form – Extension of Filing of Return of Income | Application for the Extension of Time to file Income Tax Return for a Year other than Calendar Year | Annually | Not Less than 15 days before the due date for filing the return for a year |
| VALUE ADDED TAX ACT, 2019 (https://t.ly/KYq8) | ||||
| 11 | Form- Value Added Tax Return, Form - VAT Monthly Return Declaration of Details | Filing of Value Added Tax Return by Registered Person | Monthly | 20th day of a month after the end of the Previous Tax Period Month* |
| 12 | Form - VAT Electronic Service Return | Filing and Payment of Value Added Tax of Non Resident Person | Monthly | On or before the seventh day of the month following the month to which the return relates |
| TAX ADMINISTRATION ACT, 2019 (https://t.ly/KYq8) | ||||
| 13 | Form/Formats | Monthly Submission of Stock Movement Ledger | Monthly | Not later than seventh day of the following month |
| 14 | Form ITX284.01.E (Monthly Return For Storage Facility) | Monthly Reporting of Stored Goods | Monthly | Within Fifteen days after the end of each calendar month period |
HUMAN RESOURCE
| S. NO | PARTICULAR | COMPLIANCE DESCRIPTION | FREQUENCY | FILING DATES |
|---|---|---|---|---|
| WORKER’S COMPENSATION ACT, 2015 (https://www.wcf.go.tz/) | ||||
| 15 | Form - WCR-3 | Employers to Furnish Annual Returns of Earnings | Annually | 31st March every year |
| 16 | Form - WCP-1 | Payment of Contribution Towards Fund by the Employer | Monthly | On or before last day of the month for the preceding month |
| EMPLOYMENT AND LABOR RELATIONS ACT (https://www.kazi.go.tz/) | ||||
| 17 | Form/Formats | Submission of Annual Statement by Registered Organisations and Federations | Annually | On or before March 31st every year |
| 18 | Form/Formats | Submission of Financial Statements and Auditor's Report | Annually | By 31 March of the following year |
SOCIAL SECURITY
| S. NO | PARTICULAR | COMPLIANCE DESCRIPTION | FREQUENCY | FILING DATES |
|---|---|---|---|---|
| THE NATIONAL SOCIAL SECURITY FUND ACT, 2018 (https://employer-portal.nssf.go.tz/index.php/auth/login) | ||||
| 19 | Form - Statutory Contribution | Statutory Contribution by Contributing Employer | Monthly | Within one month after the end of every month |
BANK OF TANZANIA
| S. NO | PARTICULAR | COMPLIANCE DESCRIPTION | FREQUENCY | FILING DATES |
|---|---|---|---|---|
| FOREIGN EXCHANGE ACT, 1992 (https://www.bot.go.tz/) | ||||
| 20 | Form/Formats | Payment of Annual Fee for Operating Branch | Annually | On or Before 31st December |
| 21 | Form/Formats | Submission of Audited Financial Statements | Annually | On or Before 31st March |
CORPORATE
| S. NO | PARTICULAR | COMPLIANCE DESCRIPTION | FREQUENCY | FILING DATES |
|---|---|---|---|---|
| COMPANIES ACT, 2002 (https://ors.brela.go.tz/um/login) | ||||
| 22 | Form No 128 (Annual Return of a Company | Filing of Annual Return where Return Date is different from Anniversary Date | Annually | Within 28 days of the return date, which is the anniversary of that date when the last return was filed |
| 23 | Form No 128 (Annual Return of a Company | Filing of Annual Return where Return Date is Anniversary Date | Annually | Within 28 days of the return date, which is the anniversary of the company’s incorporation |
| 24 | Form for Annual Account by Foreign Company | Submission of Annual Accounts by Foreign Company | Annually | Within 3 months from the date when such accounts are made out |
* Where the 20th day falls on a Saturday, Sunday or a public holiday, the value added tax return shall be lodged on the first working day following a Saturday, Sunday or public holiday.
Disclaimer: As filing dates are often changed by the authorities, one should check recent notifications before relying on the dates. To know the latest filing dates, you should regularly check recent Regulatory Updates for India on our website and also Subscribe to our Free Weekly Regulatory update newsletter.
Beyond Compliance Calendar
While calendars can help track filing dates, they don’t provide a comprehensive view of compliance obligations under all applicable laws. Considering growing ever complexities in Regulatory environment & need for a better control, businesses must implement an effective process using Technology solutions.
We have helped MNCs, large & medium size businesses, startups to manage their compliance obligations effective by implementing GCMS.