Service 02
Taxation
Tax advice and planning are of global business importance. Our work exists to ensure that your tax burden is no higher than it should be.
Overview
What this service is for.
TAG Systems Associates is registered with the Tanzania Revenue Authority. We advise on tax planning at both national and international level, and carry the compliance calendar on your behalf so that nothing is met late or in a rush.
Where the authorities raise queries or assessments, we deal with them directly and follow the matter through to final assessment.
Capabilities
What we do.
Each engagement is scoped to what the organisation actually needs. The list below is the range we work across, not a package.
Tax planning
Advising on tax planning, both at national and international levels.
Provisional returns
Preparing and filing the provisional return based on estimates provided by you, not later than three months after the commencement of the year of income to which the return relates.
Instalment management
Reminding you immediately before the due date for the second and subsequent instalments of the provisional assessment, to ascertain whether an amended provisional return should be filed — and completing and submitting it to the TRA where it should.
Final return and follow-up
On signature of the financial statements, submitting the return together with the accompanying documents to the Tanzania Revenue Authority and following up until the final assessment has been issued.
Extension applications
Where the financial statements are unlikely to be signed within six months after the accounting date, and on your advice, applying to the Commissioner for Income Tax for an extension of the period in which to file the final return of income.
Authority queries
Attending to routine queries from the tax authorities on your behalf.
Compliance review
Bringing to your attention any tax non-compliance issues that we identify, and advising you accordingly.
Our approach
How we work.
Map the obligations
Establish every filing and payment obligation across the year of income, and who is accountable for each.
Plan before the period
Positions are far less costly to take at the start of a year of income than to defend at the end of one.
Hold the calendar
Provisional returns, instalments, extensions and the final return are tracked so deadlines are met by design.
Engage the authority directly
Queries and assessments are handled through to final assessment, with you informed at each step.
Sectors
Where we apply it.
This service is delivered across the sectors below. Industry context changes the risks, the reporting and often the whole shape of an engagement.
Common questions
Before you ask.
Our standard service is to prepare and file the provisional return, based on estimates you provide, not later than three months after the commencement of the year of income to which the return relates. We confirm the specific dates applying to your circumstances at the start of an engagement.
Where the statements are unlikely to be signed within six months after the accounting date, and on your advice, we apply to the Commissioner for Income Tax for an extension of the period in which to file the final return of income.
Yes. We attend to routine queries from the tax authorities, and follow submitted returns through until the final assessment has been issued.
Related expertise
Often needed alongside.
Audit & Assurance
Independent, risk-based audit conducted in accordance with International Standards on Auditing.
ExploreFinancial Advisory
Feasibility, valuation, transactions, recovery and capital — the analysis behind a decision.
ExploreCorporate Secretarial
Statutory compliance, registers, board support, registration and capital restructuring.
ExploreStart a conversation
Speak to us about taxation.
Tell us about your situation and we will put you in touch with the right person in the firm.