According to an update from the Parliament of Tanzania, the Finance Bill 2020 was passed following a second reading on 15 June 2020. The Finance Bill 2020 was introduced on 12 June and contains the measures of the Budget for 2020/21 presented by the Minister of Finance on 11 June. As previously reported, the main measures include the following, with some adjustments and additions:
- The minimum threshold of employment income not liable to tax is increased from TZS 170,000 per month to TZS 27…