Tax Consultancy Services
At KING'SMEN CONSULTANCY LIMITED, we specialize in providing comprehensive tax consultancy services to businesses and individuals in Tanzania. Our team of tax professionals is dedicated to helping clients navigate the complexities of tax compliance, planning, and reporting while ensuring full adherence to the latest tax regulations. Whether you are a startup, small business, corporation, or individual taxpayer, we offer tailored tax solutions to meet your specific needs.
Our Tax Services
1. Value Added Tax (VAT) Advisory and Compliance
VAT compliance is a critical aspect of business operations in Tanzania. Our team assists businesses with:
VAT registration and deregistration procedures.
Preparation and filing of monthly VAT returns.
Advising on VAT-exempt and zero-rated supplies.
VAT reconciliation and compliance audits.
Representation in case of VAT disputes with tax authorities.
2. Pay As You Earn (PAYE) Administration
Managing employee payroll taxes can be complex. We help businesses ensure compliance by:
Calculating and deducting PAYE from employee salaries.
Preparing and submitting PAYE returns to the Tanzania Revenue Authority (TRA).
Advising on employee tax benefits and exemptions.
Assisting with PAYE audits and reconciliations.
3. Service Development Levy (SDL) Compliance
We provide expert guidance on SDL, a mandatory contribution for businesses with employees. Our services include:
Calculating SDL based on payroll costs.
Filing and remitting SDL payments on time.
Ensuring compliance with TRA regulations to avoid penalties.
4. Withholding Tax (WHT) Advisory
Withholding Tax (WHT) obligations can be challenging for businesses dealing with various transactions. Our services cover:
Identifying WHT liabilities on payments such as rent, professional fees, and dividends.
Ensuring correct WHT deductions and timely remittance to TRA.
Filing WHT returns and maintaining proper documentation.
Providing advisory on WHT exemption applications.
5. Corporate Tax Planning and Compliance
Effective corporate tax management is essential for business sustainability. We assist companies with:
Corporate tax registration and compliance.
Preparation and submission of annual tax returns.
Strategic tax planning to minimize liabilities within legal frameworks.
Advising on allowable tax deductions and incentives.
Handling corporate tax audits and disputes with TRA.
6. Tax Return Preparation and Filing
We ensure that businesses and individuals meet their tax obligations efficiently by:
Preparing and filing tax returns for individuals, companies, and partnerships.
Ensuring compliance with deadlines to avoid penalties.
Reviewing financial records to optimize tax benefits.
7. Tax Audit Support and Dispute Resolution
Tax audits and disputes can be stressful, but our team provides expert assistance to ensure smooth resolution. We offer:
Representation during TRA audits and negotiations.
Preparation of required documentation and responses.
Assistance in resolving tax disputes, objections, and appeals.
Why Choose KING'SMEN CONSULTANCY LIMITED?
Expertise & Experience – Our team consists of qualified tax consultants with deep knowledge of Tanzanian tax laws.
Compliance & Risk Management – We ensure that your business remains compliant while minimizing tax risks.
Cost-Effective Tax Solutions – We help businesses and individuals legally reduce tax burdens and optimize tax efficiency.
Personalized & Strategic Approach – Every client is unique, and we tailor our tax solutions to align with your business objectives.
Reliable & Confidential Service – We prioritize the confidentiality and security of your financial and tax information.
Get in Touch with Us
Let us handle your tax obligations while you focus on growing your business. Contact KING'SMEN CONSULTANCY LIMITED today for expert tax consultancy services.
