TRA-Compliant Inventory Verification
At BigMark Consulting, we provide comprehensive year-end stock verification services that meet Tanzania Revenue Authority (TRA) requirements. Our certified auditors ensure accurate inventory counts and valuations for your financial reporting.
"Businesses with professional stock verification reduce tax audit risks by 65% and improve inventory accuracy by 90%."
Our Stock Verification Process:
- Physical Inventory Count: Barcode scanning and manual verification
- TRA-Compliant Valuation: FIFO, Weighted Average, or Standard Cost
- Obsolete Stock Identification: Write-down recommendations
- Stock Reconciliation: System vs physical counts
- VAT Verification: Input tax compliance check
- Audit-Ready Documentation: Signed count sheets and photos
We Ensure Compliance With:
TRA Requirements
IFRS Standards
Tanzania GAAP
VAT Act
Stock Verification FAQs
Why is professional stock verification important for TRA compliance?
TRA requires accurate inventory reporting for:
- Correct income tax calculations
- VAT input tax verification
- Prevention of stock-based tax evasion
- Audit trail documentation
What valuation methods do you support?
We apply all TRA-accepted methods:
- FIFO (First-In, First-Out)
- Weighted Average Cost
- Standard Cost (with variance analysis)
- Retail Method (for supermarkets)
Can you verify stock at multiple locations?
Yes! We conduct simultaneous stock counts across Tanzania with:
- Coordinated teams in Dar es Salaam, Arusha, Mwanza, etc.
- Digital count sheets synced in real-time
- Centralized reporting for all locations
Verification Packages
Basic Verification
- Physical Stock Count
- Count Sheets Documentation
- Valuation Report
- 1 Location
Premium Verification
- Full Inventory Audit
- Obsolete Stock Analysis
- TRA Compliance Check
- Up to 3 Locations
We Work With Your Systems
Seamless integration with your inventory management systems.
2025 Verification Timeline
- Oct-Nov Pre-Count Planning
- 15-31 Dec Physical Counts
- Jan Valuation & Reporting
- 28 Feb TRA Submission