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Tanzania Budget Speech for 2024/25 Delivered Including New Withholding Tax Measures and Other Tax Changes

|Proposed Changes|Tanzania
Tanzania

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…

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