Question

What is the income tax base in Tanzania

Answer 1

The income tax bases in Tanzania is with table is explaned and calculated below:

a)The maximum tax rate for the resident individual of Tanzania is 30%

b) The final tax rate for the non - resident individual in Tanzania is 15%

Income tax bases for resident individual of Tanzania is as follows:

Taxable Income(TZS) over (1)	Taxable Income(TZS) not over (2)	Income Tax(TZS) over (1) (3)	Tax on Excess Income(%) (4)
0	170,0000	-	0
170,000	360,000	0	9%
360,000	540,000	17,100	20%
540,000	720,000	53,100	25%
720,000	Above 720,0000	98,100	30%

a) Income tax (TZS) for Second Tax Slab = (360,000 - 170,000)*9% = 17,100

b)Income tax (TZS) for third Tax Slab = 17100 + (540000 - 36000)*20%

= 17100 + 36000

= 53100

c)Income tax (TZS) for forth Tax Slap = 17100 + 36000 + (720,000 - 540,000)*25%

= 17100 + 36000 + 45000

=98100