TZS – Tanzanian Shilling
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Overview The payment processing of this currency is considered to be relatively complex.
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Currency Guidelines Besides the standard information, a Tax Identification Number (TIN) is mandatory when maiking tax revenue payments to the Tanzanian Revenue Authority. The TIN number should be instructed in the remittence field.
A clear reason / purpose of payment is recommended and consists of a full written description (in English) of the nature of payment to be provided in the remittance information. For example: providing an invoice number without guiding text is considered as insufficient and can result in errors or delays.
Example: Payment of travel expenses – invoice n° 123456789
Transfers in favor of a government institution, agency, authority, hospital, school and university require a 12-digit Control Number. The beneficiary is responsible for obteining the Control Number from their bank. This requirement should be instructed in the remittance information and should follow a specific formatting: /ROC/12-digit Control Number
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Instructions, technical guidelines & more -
To consult the Technical Guidelines of this currency, click here
TECHNICAL GUIDELINES
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Additional information • Available charge options: OUR/SHA/BEN
• Central bank of Tanzania: https://www.bot-tz.org/