Tanzania Budget Speech for 2025/26 Delivered Including Withholding Tax on Retained Earnings, Increased Alternative Minimum Tax, and Other Measures
Tanzania's Minister of Finance delivered the Budget Speech for 2025/26 to parliament on 12 June 2025. Some of the main tax measures include:
- The amendment of the definition of equity to (re)include retained earnings, which will impact the thin capitalization rules;
- The introduction of a 10% withholding tax on retained earnings that remain undistributed after six months;
- The introduction of a …