Contents - Tanzania Revenue Authority

(iii) Corporate Tax
A legally registered company shall be liable for tax at the rate
of 30% of the yearly taxable income.
Example 9
Let us consider that the above profit of TZS 3,955,000 from
the books of account is for a company.
Computation of income tax payable will be as follows: -
Tax payable = Profit before tax multiply by tax rate
= TZS 3,955,000 x 30%
= TZS 1,186,500
Therefore income tax payable by the company will be
TZS 1,186,500
8.0 CONCLUSION
It is the expectation of TRA and the government that, this
publication provides a good guidance to entrepreneurs in
areas of identifying business opportunities, undertake
qualitative business measures and therefore increase their
wealth through expanding business, employment creation,
improve standard of living and hence reduce poverty.
Prosperity in business will pave way for effective tax
contribution to the Government as outlined under the specific
tax statutes. Tanzania Revenue Authority has decided to
foster a closer co-operation with stakeholders and particularly
taxpayers who are customers in tax collection and
development of the nation at large.
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