21St Floor, Rita Tower, Makunganya/Simu Street
Opening Hours :Monday - Friday 8:00Am - 5:00Pm
21St Floor, Rita Tower, Makunganya/Simu StreetOpening Hours :Monday - Friday 8:00Am - 5:00Pm
Our approach to provide Tax service is risk-based, innovative and efficient. We focus on improving the process, year on year, and providing quality feedback to management on internal systems and controls. We have always been focusing on giving tax a first priority in your business and giving you relevant tax solutions for your tax queries. We are confident that the team we have included has the industry expertise, and the technical knowledge, to deliver the high quality service that our current client base has become accustomed to.
Recently, Tanzania Revenue Authority has been substantially increasing tax audit and
investigation assignments to its taxpayers including both, companies and individuals from the
level of small, medium sized and large taxpayers.
We assist the clients in the following areas of tax audits and investigations;
• Value Added Tax;
• Customs and Excise Duty; and;
• Individual Income Taxes;
• Employment Taxes;
• Corporate Income Tax;
• Other tax related matters
Monthly VAT review and filling;
• Monthly Payroll management review and remitting PAYE to Tanzania Revenue Authority (TRA);
• Quarterly installment taxes review and filing;
• Preparation of tax computations and filing of tax returns;
• Management and resolution of tax related matters with Tanzania Revenue Authority;
• Monthly Withholding tax review and filing;
• Review Stamp duty on regular basis; and
• Semi-annual tax returns filing; PAYE, SDL and Withholding taxes.
Mabbamak Business Consultants Limited provides detailed review and solutions on compensation benefits and remuneration packages including salary, bonuses, benefits and share incentive schemes to provide cost and tax savings for both employers and employees.
Mabbamak Business Consultants Limited provides detailed review and solutions on compensation benefits and remuneration packages including salary, bonuses, benefits and share incentive schemes to provide cost and tax savings for both employers and employees.
Mabbamak Business consultants Limited assists Companies and individuals with drafting, reviewing and filing the Notices of Intention to Appeals and Statements of Appeals to Tanzania Revenue Appeals Board. This normally happens when the Company/Individual is aggrieved by Commissioner’s decision in rejecting the objections raised by taxpayers.
A private ruling from the commissioner General of TRA. The ruling is binding on the TRA and sets forth the applicability of statutory provisions of any ax or charge administered to a specific set of facts. At times company face dilemma on the tax implications on structures or transactions and hence a private ruling/clarification can be sought to confirm a tax implication, provide a leeway and avoids future altercations with the TRA. All in this entire avenue promotes efficiency and confidence of a management decision. Mabbamak Business Consultants can assist by formulating a strategy and drafting the request to the Commissioner to build-up management decisions on certain business transactions.
The Transfer Pricing Regulations 2014 issued in May 2014 provides guidelines on transfer pricing. It is a requirement that a Transfer Pricing Policy should be documented before filing a final return for that year. The Transfer Pricing Policy shall be submitted to the Commissioner within thirty days. Otherwise, there is a penalty for failure to comply with the documentation requirements. The regulations apply to related parties engaged in intra-company, cross border and domestic transactions. Financing arrangement may indicate existence of a transfer pricing arrangement. The Commissioner General has power to adjust transaction prices where he is of the view that the related parties did not transact at arm’s length..
This includes Individual assessment of transfers of tangible and intangible assets, assistance with the evaluation
of transfer packages, determination of the earning value of individual functions. Mabbamak Business Consultants
is there to provide professional assistance and business solution for you.
Tax Training and Seminars
In ensuring that, your business operations are in line with tax compliance grip, Mabbamak Business
Consultants are capable of providing professional assistance in the following:
• Preparation of global documentation studies pursuant to national and international guidelines
OECD, Tanzania Transfer Pricing as per Income Tax Act 2004 and regulation
• Preparation of internal Transfer Pricing guidelines.
• Enhanced awareness and coaching of employees on the topic of Transfer Pricing.
• Implementation of IT-based solutions for analysis and documentation
• Documentation of the Transfer Pricing system by means of functional, risk, value
added contribution and benchmark analyses.
• Preparation and documentation of intercompany agreements..
This includes Individual assessment of transfers of tangible and intangible assets, assistance with the evaluation of transfer packages, determination of the earning value of individual functions. Mabbamak Business Consultants is there to provide professional assistance and business solution for you. Tax Training and Seminars In ensuring the tax compliance grip of Companies in Tanzania, Mabbamak Business Consultants conducts various tax seminars and trainings to Finance/Accounts Department in various Companies. Further, we provides tax seminars to individual companies or joint venture of several companies depending on the pre-determined arrangement between us. Tax seminars assist most of companies to be aware of basic tax compliance issues that avoid them to be unnecessarily penalized by revenue authority for non-compliance acts.
