Tanzania Income Tax rate for 2017-2018. Capital gain, Corporate TaxTanzania Income Tax Rate for 2017-2018 for Individuals (Personal) tax, Capital Gain and Corporate / Companies Tax Rates for Residents and Non Residents

 

 

Tanzania Personal Income Tax Rate for 2017-2018

Resident Individual Income tax Rate w.e.f. 1.7.2017 (For Tanzania Mainland)

Monthly Income (Tshs) Tax Rate
Up to 170,000 0%
170,001 to 360,000 9%
360,001 to 540,000 20%
540,001 to 720,000 25%
Over 720,000 30%

 

Annual Income up to 2,040,000 is exempted from Tax

 

Resident Individual Income tax Rate w.e.f. 1.7.2017 (For Zanzibar)

Monthly Income (Tshs) Tax Rate
Up to 180,000 0%
180,001 to 360,000 9%
360,001 to 540,000 20%
540,001 to 720,000 25%
Over 720,000 30%

 

Annual Income up to 2,160,000 is exempted from Tax

 

Income tax rate for Non Residents in Tanzania

Withholding tax

- 15% withholding tax for non resident employees of a resident company

 

Total Income Tax

- 20% tax on total income of non residents

 

 

Tanzania Corporation Tax for 2017-2018

Particulars Tax Rate
Resident Corporation 30%
Non Resident Corporation with domestic permanent establishment 30%
Newly listed companies - Reduced rates for 3 years 25%
A corporation with newly established plant for assembling motor vehicles, tractors, fishing boat or out boat engine 10%
Alternate Minimum tax on turnover .3%

 

 

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