|Largest City||Dar es Salaam||Population(2003 Census)||34443603|
945,203 km2 >>>>>>>>>
|364,898 sq mi|
Tanzania Income Tax Rate 0 to 30% Tanzania Corporate Tax Rate 30% Tanzania VAT Rate 18%
Statutory rate for 2012
Tanzania Investment Basics:
Currency – Tanzania Shillings
Foreign Exchange Control – None, resident and nonresident corporations and individuals can hold bank accounts in any currency. Repatriation payments generally may be made in any currency, subject to the need to demonstrate reasons for payment before a transfer in foreign currency takes place.
Accounting Principles/Financial Statements – Financial Statements must be prepared annually using IFRS and certain local standards.
Principal business entities – these are the sole propriatorship, partnership, trust, private and public limited liability company, cooperative and branch of a foreign corporation.