Tanzania’s Finance Bill, 2016 & Finance Act, 2016

Tanzania’s Finance Bill, 2016 is released to public on 13 June 2016. The following are summary of the proposals as per the first draft (as compared to and in addition to the Budget Speech): UPDA...

Income Tax rates for Tanzania 2015-2016

The Finance Act, 2015 has confirmed the new income tax rates (PAYE rates) for the fiscal year 2015-2016. Apart from a reduction of 1% in the second band, there is no change. This will result in a maxi...