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Home Immigration

Tanzania Property and Citizenship Guide

Pavel Dsilva by Pavel Dsilva
July 28, 2021
in Immigration, Country Guides, Indian Ocean
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Tanzania Property and Citizenship Guide
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Location of Tanzania

Key Facts:

Climate – Varies from tropical along coast to temperate in highlands

Population – 61,193,226

GDP (Per Capita) (2019) – $1,172

Official language – Swahili, English

Major Religions – Christianity (63.1%), Islam (34.1%), Traditional Faiths (1.8%), Others / Irreligious (1%)

Ethnic Groups – Sukuma, Nyamwezi, Chagga, Haya, Swahili, Arabs, Indian

Government – presidential republic (Tanzania), autonomous zone with independent government (Zanzibar)

Currency – Tanzanian Shilling (TZS)

Taxes – A Tanzanian resident is taxed on worldwide income, irrespective of source. Non-residents are taxable on income with a source in Tanzania.

Income tax is charged at a rate of 30% on income of a resident corporation and of a permanent establishment (PE) of a non-resident corporation or 5% of turnover for technical and management service providers to mining, oil, and gas entities (deducted by way of WHT). Certain payments to non-residents are subject to tax at the relevant non-resident WHT rates

Gain from the disposal of investments in Tanzania is subject to income tax where such investments fall within the source rules, and, in such a case, the gain will be taxed at a rate of 30%.

Residency by Investment:

There is no permanent residency in Tanzania. Tanzanian citizenship is governed by the Tanzania Citizenship Act No. 6 of 1995 and the 1997 regulations made thereunder. A person can acquire Tanzanian citizenship by birth, lawful marriage, descent or naturalisation.

Citizenship by Investment:

To be Updated.

Why it makes sense?

To be Updated.

To get more information & assistance with Fumba Town, Zanzibar, please submit the form below and our specialist will get in touch with you at the earliest.  

Tags: real estate in zanzibarzanzibar properties
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