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 TZS 7 million: 3% if record/documentation maintenance requirements are met; otherwise, TZS 100,000
- o…