½ûÂþÌìÌÃ

Menu
½ûÂþÌìÌÃ

Retirement in Tanzania from Switzerland

Post new topic

AL Brown

Hi all, nice to meet you here.

I am from Switzerland.

I am planning to settle in Dar for my retirement. I will live on my retiree pension and will not generate any income in Tanzania.

I have 3 questions;


1/ Do I have to pay tax on my pension?

2/ Will I pay import fees/taxes or duties when importing my house furniture and belongings ?

3/ Are the banks offering a good ROI (return on investment) rates?


Thank you for your feedback.

bettymbelwa

Why don't you came as an investor.


My what'sApp number is****

Question 1. Why don't you maintain your bank accounts in your country.

Question 2. Yes you will need to pay taxes.

Question number 3. Why don't you maintain your bank accounts in your country. Regards

Betty

Moderated by Bhavna 2 months ago
Reason : For security reasons, please share contact details through the private messaging system. Thank you
We invite you to read the forum code of conduct
info56460

@AL Brown

Hello  AL Brown.

1) No you have no to pay Taxes on your pension.also l could like to advise you dont transfer your pension in the local bank here in tanzania rather you can use your credit card/Debt card and have some time to visit here and learn the environment.

before you decide to come and settle for your retirement here, i could like to advise you to come with tourist visa for 3 month where by you will have time to visit various palace like zanznibar, Arusha, Tanga and other places before you make parnments decision of which part of the region you could like to settle.these one will give you wide spectrum while making decision.

2) Yes there is taxes implication for import goods.

3) for you to ROI should open Fixed accounts which you should have to wait for 6 months or 12 months without withdraw any cash in which you will get 6% or more of the amount of the money you deposited.

l hope that you get something which will help you.

for more clarification kindly reach me inbox,

Regards

info56460

Hello  AL Brown.

1) No you have no to pay Taxes on your pension.also l could like to advise you dont transfer your pension in the local bank here in tanzania rather you can use your credit card/Debt card and have some time to visit here and learn the environment.

before you decide to come and settle for your retirement here, i could like to advise you to come with tourist visa for 3 month where by you will have time to visit various palace like zanznibar, Arusha, Tanga and other places before you make parnments decision of which part of the region you could like to settle.these one will give you wide spectrum while making decision.

2) Yes there is taxes implication for import goods.

3) for you to ROI should open Fixed accounts which you should have to wait for 6 months or 12 months without withdraw any cash in which you will get 6% or more of the amount of the money you deposited.

l hope that you get something which will help you.

for more clarification kindly reach me inbox,

Regards

Temeke45

@AL Brown

No any pay in your pension

Yes you will pay the furniture fees ,I depend on the furniture kg

Articles to help you in your expat project in Tanzania

  • Relocating to Tanzania
    Relocating to Tanzania

    If you are considering or planning on relocating to Tanzania, this article will be a good and informative read. A ...

  • Mariage in Tanzania
    Mariage in Tanzania

    There are various options for wedding ceremonies in Tanzania, from locally traditional weddings to more ...

  • Permanent residency in Tanzania
    Permanent residency in Tanzania

    If you are planning on moving to Tanzania long-term, regardless of what the reason is for, if you are intending on ...

  • Finding work in Tanzania
    Finding work in Tanzania

    If you are relocating to Tanzania, you are likely going to be looking for a job sooner or later! This article ...

  • Leisure activities in Tanzania
    Leisure activities in Tanzania

    Whether in Tanzania for a day or a year, you will find a variety of things on offer to do in your leisure time. It ...

  • Moving To Arusha Tanzania
    Moving To Arusha Tanzania

    If you are moving to Arusha you need to know about the Arusha Mailing. It is how everyone finds anything. Go to ...

  • Personal taxation in Tanzania
    Personal taxation in Tanzania

    The basis of taxation of individuals in Tanzania is residence. A person is deemed to be resident in Tanzania ...

  • Housing Tips in Tanzania
    Housing Tips in Tanzania

    About Housing in Tanzania, Africa

All of Tanzania's guide articles