According to an update from the Parliament of Tanzania, the Finance Bill 2020 was passed following a second reading on 15 June 2020. The Finance Bill 2020 was introduced on 12 June and contains the measures of the Budget for 2020/21 presented by the Minister of Finance on 11 June. As previously reported, the main measures include the following, with some adjustments and additions: The minimum threshold of employment income not liable to tax is increased from TZS 170,000 per month to TZS 270,000 per month (which is equivalent to TZS 2,040,000 per annum to TZS 3,420,000 per annum), with...