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Retirement in Tanzania from Switzerland

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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.

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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

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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

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