Tanzania Enacts Budget 2025/26 Measures Including Withholding Tax on Retained Earnings, Increased Alternative Minimum Tax, and Other Measures

Tanzania's Finance Act 2025 was enacted on 30 June 2025, including the measures announced as part of the Budget Speech for 2025/26 that was delivered to parliament earlier in the month. The tax measures include the following, which are generally in line with the announced measures with some adjustments:
- The amendment of the definition of equity to (re)include positive retained earnings, which …