Tanzania's Finance Minister Philip Mpango presented the 2018/19 Budget on 14 June 2018. The main tax-related measures of the budget include: A reduced corporate tax rate of 20% for new investments made in the pharmaceutical and leather industries from the 2018-19 year to the 2022-23 year (standard rate 30%); A withholding tax exemption on interest on loans granted by banks and financial institutions to finance government projects; Income tax and value added tax (VAT) exemptions for government projects financed through non-concessional loans (Minster granted authority to approve exemption); VAT exemptions for packaging materials produced specifically for use by local manufacturers...