Tanzania Budget Speech for 2024/25 Delivered Including New Withholding Tax Measures and Other Tax Changes
Tanzania's Minister of Finance delivered the Budget Speech for 2024/25 to parliament on 13 June 2024. Some of the main tax measures include:
- The elimination of the requirement to pay alternative minimum tax for tea processing companies that have generated losses for three consecutive years;
- The introduction of the requirement to use electronic receipts to verify purchases made in the relevant…