Tanzania Investment Centre TIC : Importing/ Exporting Goods Via Clearing Agent
Name of the Organisation : Tanzania Investment Centre
Type of Facility : Importing/ Exporting Goods Via Clearing Agent
Location : Dar es Salaam
Country : Tanzania
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Website : http://www.tic.go.tz/
Importing/ Exporting Goods Via Clearing Agent
Trading Across Borders :
The Customs and Excise Department administers all taxes on international trade. The taxes include Import Duty, Excise Duty andValue Added Tax (VAT) on imports.
Related / Similar Facility : TIC NIDA ID Card Tanzania
Import Duty is a tax levied on imported goods. The duty is usually calculated as an ad-valorem rate on C.I.F value of goods imported into the country, and is collected before goods leave the entry point into the country and/or bonded warehouses.
Excise Duty is levied on certain consumer goods on importation. The traditionally excisable goods are goods whose consumption is seen by the society as immoral i.e. beer and cigarettes, and goods whose consumption creates negative externalities to the society i.e. petroleum. In Tanzania apart from the traditional excisable goods soft drinks and motor vehicles are excisable for revenue generation purposes.
It is also charged on specific or ad-valorem rate, and the tax base for the ad-valorem rate is the C.I.F value plus the import duty.
Importing goods via a clearing agent :
In Tanzania goods are mainly imported through the Dar es Salaam Port, Julius Nyerere International Airport in Dar es Salaam and Kilimanjaro International Airport. Some goods are imported through surface borders especially with neighboring countries. Apart from import duties, excise duties, Value Added Tax, goods are subject to port and airport charges.
Payments of import and excise duties above 5 millions are usually done through commercial banks. Payments of import and excise duties with value less than 5 million Shillings is done at Citibank branch located at the Tanzania Revenues Authority (TRA) Customs House.
Before starting the import process importers are advised to liaise with relevant government agencies for approval depending on nature of goods imported. These government agencies include Ministry of Agriculture, Food Security and Cooperatives, The Government Chemist Laboratory Agency, The Tanzania Food and Drug Authority, The Ministry of Livestock and Fisheries Development, Ministry of Natural Resources and Tourism, Tanzania Bureau of Standards and Tanzania Atomic Energy Commission, The Fare Competition Commission.
Exporting goods via a clearing agent :
Submit documents for export :
1. Submit documents
Submit goods for export :
2. Submit goods at yard
Pay for various charges :
3. Pay other charges
About Us :
The Tanzania Investment Centre (TIC) was established in 1997 by the Tanzania Investment Act to be “the Primary Agency of the Government to coordinate, encourage, promote and facilitate investment in Tanzania and to advise the Government on investment policy and related matters.”
The agency deals with all enterprises whose minimum capital investment is not less than US $ 500,000 if foreign owned or US $ 100,000 if locally owned. Enterprises engaged in mining and petroleum shall follow the approval process contained in their respective laws.