Organization : Zanzibar Revenue Board
Type of Facility : Tax Payment
Country: Zanzibar/ Tanzania
Website : https://www.zanrevenue.org/
Tax Payment :
Payment Procedures:
The due date for tax payment is:-
** On or before twenty fifth day (if it will fall on public holiday) of the month following the end of the accounting period or
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** On the date specified in the notice of assessment or
** On the dates specified therein in the case of a lump sum agreement
Payment by Installment:
The Commissioner may allow the taxable person to pay the assessed tax, fine, penalty, interest or any other sum by installments which shall not exceed one year.
Late Payment:
Failure to submit tax payments on such date the additional tax equal to twenty percent (20%) of unpaid tax shall be payable as a penalty and will be increased by ten percent (10%) after every thirty days of the unpaid balance with penalty.
The procedure:
There are two types of payment methods used by Zanzibar Revenue Board (ZRB).
Transfer of funds from Taxpayer Accounts to ZRB Accounts:
In this method, taxpayer instruct its bank to transfer funds, from his Accounts to the ZRB Accounts at the Bank of Tanzania (BoT) in case of Tanzania Shillings (TZS) or to the People Bank of Zanzibar (PBZ) in case of US Dolla (US$).
Bank Deposit:
In this method, the taxpayers will deposit cash or bankers cheque to the ZRB accounts with PBZ both in Tanzania Shillings and in US Dollar.
NB:
** We strongly advise our taxpayers who transfer funds in TZS from their respective accounts to do so through ZRB bank Account with BoT, although transfer of funds to ZRB Account with PBZ will also be accepted.
** Only banker’s cheque will be accepted.
Payment will be considered completed if it has been in the bank statement of Zanzibar Revenue Board.
Return Submission:
A taxable person shall record each supply made and account for tax on it at the time of supply and on or before the fifteenth day (if it will fall in public holiday) of each month following the end of the accounting period, make and file a tax returns, whether or not tax is payable in respect of that period. The return shall be as follows:-
** Be accurately and truthfully completed.
** Be signed by the taxable person or his authorized representative.
** Bear the proof of the date delivered.
** Be attached with and provide any other information as required by the Commissioner that will be necessary for the proper tax administration.
Failure to submit a tax return by the due date, taxable person shall pay a penalty of One Hundred Thousand Shillings or ten percent of the tax shown as payable in respect of the prescribed accounting period covered by the return, whichever is the greater, for every month or part thereof during which the default continues.