Tanzania Budget Speech for 2022/23 Delivered Including a New Digital Services Tax

Tanzania’s Minister of Finance delivered the Budget Speech for 2022/23 to parliament on 14 June 2022. The main income tax measures include:

• The introduction of a Digital Service Tax at the rate of 2% on the turnover of non-resident digital service providers;
• The amendment of the presumptive income tax rates with the introduction of a 3.5% rate on taxpayers with turnover exceeding TZS 11 million but not exceeding TZS 100 million in a year;
• Measures to grant the Minister of Finance the power …