Tanzania's Finance Minister Philip Mpango presented the 2018/19 Budget on 14 June 2018. The main tax-related measures of the budget include:

• A reduced corporate tax rate of 20% for new investments made in the pharmaceutical and leather industries from the 2018-19 year to the 2022-23 year (standard rate 30%);
• A withholding tax exemption on interest on loans granted by banks and financial instit…