The Tanzanian Ministry of Finance and Planning June 12 presented the 2025-2026 budget speech. The speech explains measures to: 1) increase the monthly minimum wage rate for public workers to 500,000 Tanzanian shillings (US$192.25) from 370,000 shillings (US142.26), from July 1; 2) exempt VAT on reinsurance transactions, and repeal the exemption on gaming supplies; 3) zero-rate VAT for one year on specified textiles, and three years on specified fertilizers; 4) expand VAT to online marketing platforms and nonresident online payment services; 5) reduce the VAT rate, to 16 percent from 18 percent, on specific business-to-consumer (B2C) online purchases; 6) establish ...
Learn more about Bloomberg Tax or Log In to keep reading:
See Breaking News in Context
From research to software to news, find what you need to stay ahead.
Already a subscriber?
Log in to keep reading or access research tools and resources.