Tax Management Officer Interview Examination Questions is the most interesting topic where candidates who applied for Tax Management Officer (TMO) jobs advertised by TRA seek possible interview examination questions for their written interview, which will be held in a few days. In this article, a candidate will first know the background of TRA, the roles and responsibilities of Tax Management Officer (TMO), and finally will read all possible questions for their interview.
Background of TRA
The Tanzania Revenue Authority (TRA) was established by Act of Parliament No. 11 of 1995, and started its operations on 1st July 1996. In carrying out its statutory functions, TRA is regulated by law, the TRA is responsible for collecting taxes and managing the government’s revenue in Tanzania. The TRA is headquartered in Dar es Salaam in Tanzania.
Vision: “A Trusted Revenue Administration for Socio-economic Development“.
Mission: “We Make It Easy to Pay Tax and Enhance Compliance for Sustainable Development“.
Roles and responsibilities of Tax Management Officer (TMO)
Key responsibilities and role of Tax Management officer are:
- To assist in preparation of action plans.
- To conduct face vetting of Tax returns
- To conduct desk audits on simple cases and assist in field audit.
- To conduct physical and compliance surveillance surveys.
- To prepare respective periodic management reports.
- To gather information of new taxpayers’ registration.
- To prepare tax positions for all taxpayers and list of arrears and follow-up payments.
- To conduct registration, audit, data processing and examination.
Possible TRA Tax Management Officer Interview Examination Questions
TRA always try to examine their candidate to test their competent on tax management knowledge in order to employ individuals which will perform all above roles and responsibilities. The following are possible Tax Management Officer Interview Examination Questions;
- What is income tax? How is it calculated?
Income tax defined as annual tax charged on income of a person by the government. Income tax charged for the corresponding assessment year at the rates laid down by the Finance Act for the assessment year in respect of the previous year. Income is calculated under these heads separately and accordingly tax is calculated using the income tax slab issued by the government every financial year. - Define financial year?
This is 12 period starting from 1 July and ending at 31 June which is used for calculating various annual financial statements in businesses and organization - Define Assessment Year.
Assessment year is the period that starts from 1 April and ends on 31 march. It is the year immediately succeeding the financial year wherein the income of the previous financial year is assessed. Government use assessment year for calculating tax on the previous year.
For example : If the current assessment year is 2022-23, which starts from I April 2022 and ends on 31 March 2023. To this assessment year financial year is 2023-24, starting from I April 2023 and ends on 31 March 2024. You will be calculating income tax for financial year in the assessment year.
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NOTE: These are possible questions for the TRA Tax Management Officer Interview Examination, which means there are no possibilities of the questions to be examined.
Keep visit this page, we will upload new questions later. Thank you for visiting this website and nice preparation on your tax management officer interview examination.
