lakiassociates.co.tz +255 784 462 531

Tax

Tax Services

We provide tax services in Tanzania for both Multinationals and local companies. We assist them to manage their tax risks and reduce their tax exposure.

The practice is made up of tax and legal professionals and has experience of providing various tax services. These include tax planning and advisory, tax compliance and transfer pricing. We also provide tax training as well as helping businesses to set up in Tanzania. We have been tax consultants in Tanzania in the financial services sector, manufacturing, construction, telecommunication, mining, energy, agricultural, trade, the public sector, International Projects and Non-Governmental Organisations etc.

    Our services include:-

  • Tax Health Checks
  • Tax Compliance Services
  • Tax Planning
  • Filing Tax Returns
  • Transfer Pricing Documentation
  • VAT and TIN Registration Support
  • Processing Tax Refunds, Tax Clearance, Interest Waivers, Tax exemptions and Penalty
  • Supporting clients on TRA audits and tax disputes resolution including objections and appeals.
Our tax arm advises inbound and outbound international businesses on a wide range of tax compliance, tax planning and tax advisory issues. The complexity of tax regimes vary from country to country and the many annual changes in tax laws can serve to move international borders further apart. Expert tax advice is therefore vital if you do business overseas. International tax is so complex that no one individual could keep track of it.

With our guidance, advice and support, your tax concerns can be handled efficiently and effectively without a moment’s worry, ensuring the unique analysis and management of your taxes.

Administration of Tax Returns

We provide administration of clients’ documents which include returns and any other required information which would lead into determination of accurate taxes. We file tax returns on behalf of our clients to the Tax Authority timely and maintain clients’ returns and any information for further usefulness.

Tax Planning and Refunds

Part of our work will include an overview of your business and personal tax circumstances with a view to helping you mitigate your tax liabilities wherever possible so that you get to keep more of what you earn. Often it is seen that many Taxpayers end up in paying higher taxes. This is just because of ignorance about the latest tax laws of the country and special tax advantages available to them. Here, at Innovex we guide our clients on various tax exemptions, tax deductions and rebates.

Tax Registration and Clearance

We help our clients process and obtain tax clearance certificates. This includes but not limited to; company registration, TIN and VAT registration as well as processing business license on behalf of our clients.

Tax Exemptions

Our duty on exemptions and waiver of tax is to provide to our clients a service that seek tax relief as provided in the tax provisions. Our role is to ensure the business claims exemptions where applicable and tax waiver is timely requested for maximum compliance with the tax laws and regulations.