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 milli…