S.4(2) First Schedule ITA Cap 332 · For small businesses with annual turnover below TZS 100,000,000
Total revenue / sales in the income year — before any deductions
S.43 TAA requires: stock records, daily cashbook, and basic accounts. Compliant taxpayers pay lower rates.
| Turnover Band | Non-S43 | S43 ✓ |
|---|---|---|
| Below 4M | NIL | NIL |
| 4M – 7M | 100,000 | 3% of excess over 4M |
| 7M – 11M | 250,000 | 90k + 3% > 7M |
| 11M – 100M | 3.5% | 3.5% |
Who qualifies? Individuals, sole proprietors, and partnerships with annual turnover ≤ TZS 100M.
Companies and NGOs always file under standard business income tax rules.
Due date: Annual return and payment by 30 June each year.