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Tanzania Publishes Finance Act 2019

|Approved Changes|Tanzania
Tanzania

The Tanzania Revenue Authority has published the Finance Act 2019, which was enacted on 30 June 2019. The measures of the Act include:

  • The extension of the presumptive tax regime for taxpayer's with annual turnover between TZS 4 million and TZS 100 million, with the amendment of the presumptive tax rate structure based on turnover as follows:
    • up to TZS 4 million: Nil
    • over TZS 4 million up to …

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