Tax Registration & Returns Filing
Every monthly, quarterly and annual TRA return prepared, filed and paid on time.
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Tax Compliance
Corporate Tax Planning & Computations
Income tax computations, provisional estimates, capital allowances and lawful tax planning.
Key facts
Standard rate30%
Alternative minimum tax1% of turnover after 3 years of tax losses
Provisional tax4 instalments: months 3, 6, 9 and 12
At 30%, corporate income tax is usually your largest tax cost, and errors in estimates, capital allowances or deductibility rules are expensive. We prepare defensible tax computations, set provisional tax at the right level to avoid underestimation penalties, and plan transactions lawfully: incentives, loss utilisation, dividend timing and group structures.
What's included
Tax computations
Annual computations reconciling accounting profit to taxable income, with schedules TRA expects to see.
Provisional tax
Realistic estimates and revisions during the year to avoid underestimation penalties and cash-flow strain.
Capital allowances
Classifying assets correctly and claiming wear-and-tear and industrial-building allowances in full.
Incentives & reliefs
Applying reduced rates, TIC incentives and exemptions you are entitled to, and documenting them.
Dividends & deemed distributions
Planning distributions under the new 15% deemed-dividend rule and withholding tax on dividends.
Transaction support
Tax implications of acquisitions, disposals, intra-group transfers and restructuring.
How it works
- 1Review of financials & prior computations
- 2Identify risks and savings
- 3Estimate & provisional tax plan
- 4Year-end computation
- 5Final return support
- 6Planning for the next year
Frequently asked
If a company has perpetual unrelieved tax losses for the current year and the two before it, it pays 1% of turnover even though it has no taxable profit. Agricultural, health and education companies are among those exempt.
The Commissioner General may now deem only 15% (previously 30%) of undistributed profits as distributed. Listed companies, financial institutions and insurers are excluded.
Free consultation
Talk to a corporate tax consultant.
Share a few details and we'll come prepared, with the documents you need and a clear fixed fee.
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