Compandben Payroll Partner
PEO Payroll Provider Tanzania
INTERNATIONAL HR CONSULTANCY
The company has a dedicated team for payroll and a separate team for Employee Management Services. The payroll Portfolio is managed by an experienced manager with more than 5 years in Payroll Management and Compensation and Benefits Administration.
The firm provides services such as
Payroll processing, direct deposits, government remittances, pay statement printing and end year tax returns HR advice on employee handbooks, employment contracts and job offers, remuneration and benefits, terminations.
Review and preparation of employment contract for new hires at a Legal and Accounting Consultancy firm
Advised a catering company on structural change including utilizing an employee management service. This is an ongoing project
Recruitment of a Software developer for a Telecommunications and Internet provider firm
Income tax and Statutory deductions in Tanzania
1. Income tax/PAYEThe Uganda Revenue Authority (URA) is responsible for the administration and collection of different taxes including income tax. Income tax is a direct tax on individuals and limited companies. Below are the tax brackets and amounts per month.
|Monthly taxable income (UGX)||Tax rate|
|Where Total Income does not exceed TSHS 270,000||NIL|
|Where Total Income exceeds TSHS 270,000 but does not exceed TSHS 520,000||9% of the amount in excess of TSHS 270,000|
|Where Total Income exceeds TSHS 520,000 but does not exceed TSHS 760,000||TSHS 22,500 plus 20% of the amount in excess of TSHS 520,000|
|Where Total Income exceeds TSHS 760,000 but does not exceed TSHS 1,000,000||TSHS 70,500 plus 25% of the amount in excess of TSHS 760,000|
|Where Total Income exceeds TSHS 1,000,000||TSHS 130,500 plus 30% of the amount in excess of TSHS 1,000,000|