Page 69 - Bisiness Studies_Form_3

Business Studies for Secondary Schools

(a) ZRA. (a) Issue business licences.
(b) SIDO. (b) Provide funding for small

(c) BPRA. businesses.
(c) Assign TIN and collect taxes.
(d) BRELA.
FOR ONLINE READING ONLY
(d) Provide legal advice on
(iv) What minimum capital is business operations.
required to register a small (vii) Gabriel, a small business owner in
business in Tanzania under the Kigoma Ujiji, has been operating
Business Names Registration his restaurant without registering
Act? it. After several months, he was
(a) No minimum capital is approached by the local authority
required. officers, who informed him

(b) 500,000 Tanzanian that he is violating Tanzanian
Shillings. business laws. What is the likely
(c) 1,000,000 Tanzanian consequence of his failure to
Shillings. register his business?
(a) A warning and advice to
(d) 2,000,000 Tanzanian register within a week.
Shillings.
(b) A fine or being ordered
(v) When a business in Tanzania to cease operations until
registers for taxes, which
of the following must be the business is legally
registered.
obtained?
(a) VAT registration number. (c) Tax exemptions.

(b) Business operations (d) Retroactive registration
permit. benefits.
(c) National Employment (viii) Amina has a small clothing
Number (NEN). store that she registered a year

(d) TIN. ago. However, she has failed to
renew her business licence and
has not submitted her annual tax
(vi) The role of the TRA or ZRA returns to TRA. What potential
in the business registration
process is to . consequences might Amina face
due to her non-compliance?

61 Student’s Book Form Three