Page 99 - Business_Studies_F5
P. 99

Student's Book  Form Five


           (c)  Uploading the attachment:  The       In application for a TIN certification for
               applicant will be obliged to upload   a medium-sized business the following
               the required attachments.             procedures are followed:

           (d)  Making and confirming payment:        (a)  Get an individual  TIN for the
               Once documents are successfully            applicant or director;
        FOR ONLINE READING ONLY
               uploaded a control number for          (b)  Fill-in the application form
               payment will be generated. This            (Business TIN Registration Form);
               allows the applicant to effect payment.  (c)  Estimate the income, tax payable

           (e)  Submitting the application: Once          and payment installments;
               payment is received the applicant      (d)  Upload/submit the necessary
               will submit the application.               documents that include:
           (f)  Decision from the agency: In case there      (i)    Certified memorandum and

               are corrections in the submission,               articles of association;
               the applicant will get feedback of         (ii)   Introduction letter from Local
               areas requiring modification. If there           Government Authorities
               are no issues to attend, the applicant           (LGAs);
               will receive an approval and business      (iii)  Certificate of incorporation;
               license from the agency.
                                                          (iv)   Certified lease agreement or
          Procedures for applying for a                         title deed; and
          Tax Identification Number (TIN)                 (v)  Power of Attorney.
          Certificate                                 (e)  Submit the request to the Authority

          Tanzania Revenue Authority (TRA) and            for review.
          Zanzibar Revenue Authority (ZRA) have
          several services that can be accessed online   Procedures for registering with
          through the taxpayer portal with little or no   pension funds
          physical movement of an applicant. Such    The registration procedures vary slightly for
          services include TIN application and filing   each fund but it is crucial to understand the
          tax returns.                               eligibility requirements set by the pension

          For medium-sized businesses to have a      funds. Such criteria may consider factors
          TIN it is a pre-requisite that one of the   like the number of employees or the sector
          directors applying on behalf must have     in which the business operates.
          an individual TIN. An individual TIN       Once the eligibility criteria are clear,
          number may be applied for by a director    the next step is to gather the required
          who is either a resident or non-resident.   documents such as registration documents,







     Business Studies for Advanced Secondary Schools  90


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