Post by miriammuraba on Oct 13, 2018 1:27:26 GMT 4
TANZANIA: Zanzibar filing deadlines amended
The Finance (Public Revenue Management) Act, 2018 (the "Finance Act") was assented to by the President of Zanzibar and Chairman of the Revolutionary Council on 3 July 2018 and came into force on the same date.
The Finance Act has, inter alia, amended the Tax Administration and Procedures Act, 2009 to revise the filing and payment dates for business operations in Zanzibar to the 20th day of each month following the end of the accounting period. Previously, monthly returns were due for filing on or before the 10th day of each month, whereas payments were due on the 15th day of the month following the end of the accounting period.
The due dates are now aligned with mainland Tanzania, easing the administrative burden for companies operating in both mainland and Zanzibar.
The Finance (Public Revenue Management) Act, 2018 (the "Finance Act") was assented to by the President of Zanzibar and Chairman of the Revolutionary Council on 3 July 2018 and came into force on the same date.
The Finance Act has, inter alia, amended the Tax Administration and Procedures Act, 2009 to revise the filing and payment dates for business operations in Zanzibar to the 20th day of each month following the end of the accounting period. Previously, monthly returns were due for filing on or before the 10th day of each month, whereas payments were due on the 15th day of the month following the end of the accounting period.
The due dates are now aligned with mainland Tanzania, easing the administrative burden for companies operating in both mainland and Zanzibar.