NOVA TOOLS

AssetDepreciation.

Detailed Capital Allowance
& Fiscal Asset Valuation.

Automated reporting compliant with the Tanzania Revenue Authority (TRA) Reducing Balance Standards.

Initial Cost

TSH

TRA Asset Class

Computers, tablets, and network data handling equipment.

Projection Period5 Years

Rate Applied

37.5%

Total Accrued

0 TSH

Year	Opening (NBV)	Depreciation	Closing (NBV)
Year 1	0	-0	0
Year 2	0	-0	0
Year 3	0	-0	0
Year 4	0	-0	0
Year 5	0	-0	0

Compliant with Arusha TRA Standards

About TRA Depreciation Rates

In Tanzania, the Income Tax Act prescribes the Reducing Balance Method for most asset classes. This means depreciation is calculated on the Net Book Value (NBV) at the end of the previous year, rather than the original cost.

Using official rates ensures your financial projections align with the Tanzania Revenue Authority (TRA) standards for capital allowance claims. This tool helps business owners in Arusha and across Tanzania plan their tax obligations more accurately.