Tanzania: Tax measures in Finance Act, 2023
Parliament has enacted the Finance Act, 2023 to impose and alter certain taxes, duties, levies, and fees.
Parliament has enacted the Finance Act, 2023 to impose and alter certain taxes.
Following parliamentary approval of the 2023/2024 national budget, the Parliament of Tanzania has enacted the Finance Act, 2023 (dated 30 June 2023) to impose and alter certain taxes, duties, levies, and fees, and to amend certain laws relating to the collection and management of public revenues.
The Finance Act, 2023—effective 1 July 2023—includes measures concerning income tax, excise duty (tax), service levy and advertisement fees, property rates, the gaming law, electronic money transfer levy, export levy, roads and fuels tolls, the mining law, the tax administration law, and value added tax (VAT).
Read a July 2023 report [PDF 3 MB] prepared by the KPMG member firm in Tanzania
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